Citigroup Inc. Analysts Give Lanxess AG (ETR:LXS) a €80.00 Price Target

Citigroup Inc. set a €80.00 ($94.12) target price on Lanxess AG (ETR:LXS) in a research note released on Monday, August 7th. The brokerage currently has a buy rating on the stock.

Several other research firms also recently commented on LXS. Goldman Sachs Group, Inc. (The) set a €70.00 ($82.35) target price on Lanxess AG and gave the stock a neutral rating in a report on Monday, May 29th. Credit Suisse Group set a €70.00 ($82.35) price target on Lanxess AG and gave the company a neutral rating in a report on Friday, June 16th. Baader Bank set a €67.00 ($78.82) price target on Lanxess AG and gave the company a neutral rating in a report on Saturday, May 20th. Barclays PLC set a €63.00 ($74.12) price target on Lanxess AG and gave the company a neutral rating in a report on Saturday, May 20th. Finally, Warburg Research set a €79.00 ($92.94) price target on Lanxess AG and gave the company a buy rating in a report on Saturday, May 20th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Lanxess AG has a consensus rating of Hold and a consensus target price of €71.61 ($84.25).

Lanxess AG (ETR LXS) opened at 62.658 on Monday. The firm has a 50-day moving average of €66.28 and a 200-day moving average of €65.72. Lanxess AG has a 52 week low of €45.95 and a 52 week high of €70.85. The company has a market cap of €5.73 billion and a price-to-earnings ratio of 39.557.

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Lanxess AG Company Profile

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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