Deutsche Bank AG Analysts Give Lanxess AG (LXS) a €79.00 Price Target

Deutsche Bank AG set a €79.00 ($92.94) price objective on Lanxess AG (ETR:LXS) in a research note published on Thursday morning. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on LXS. Warburg Research set a €79.00 ($92.94) price objective on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Citigroup Inc. set a €80.00 ($94.12) price objective on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Societe Generale set a €67.00 ($78.82) price objective on Lanxess AG and gave the company a neutral rating in a research report on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) price objective on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Finally, Macquarie set a €75.00 ($88.24) price objective on Lanxess AG and gave the company a buy rating in a research report on Saturday, May 20th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €71.61 ($84.25).

Shares of Lanxess AG (ETR:LXS) traded down 0.527% during trading on Thursday, reaching €62.658. The company’s stock had a trading volume of 2,654 shares. The company has a 50-day moving average price of €66.41 and a 200-day moving average price of €65.75. Lanxess AG has a one year low of €45.95 and a one year high of €70.85. The stock has a market cap of €5.73 billion and a price-to-earnings ratio of 39.557.

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About Lanxess AG

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

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