LyondellBasell Industries NV (LYB) Receives “Hold” Rating from SunTrust Banks, Inc.

LyondellBasell Industries NV (NYSE:LYB)‘s stock had its “hold” rating restated by equities researchers at SunTrust Banks, Inc. in a research note issued on Wednesday. They presently have a $100.00 target price on the specialty chemicals company’s stock. SunTrust Banks, Inc.’s price target suggests a potential downside of 3.41% from the company’s current price.

A number of other research analysts have also weighed in on LYB. BidaskClub raised shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating and set a $92.00 target price on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Zacks Investment Research lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $94.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Finally, UBS AG reissued a “neutral” rating and set a $88.00 target price (up previously from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $99.56.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded up 0.02% during mid-day trading on Wednesday, hitting $103.55. The stock had a trading volume of 2,067,611 shares. The stock has a market cap of $40.99 billion, a P/E ratio of 11.56 and a beta of 1.04. LyondellBasell Industries NV has a 52 week low of $76.71 and a 52 week high of $107.83. The stock has a 50-day moving average price of $98.45 and a 200 day moving average price of $88.44.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2017/11/01/lyondellbasell-industries-nv-lyb-receives-hold-rating-from-suntrust-banks-inc.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in LyondellBasell Industries NV by 2.8% in the second quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after acquiring an additional 821,391 shares during the period. Vanguard Group Inc. increased its stake in LyondellBasell Industries NV by 2.0% in the second quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after acquiring an additional 473,129 shares during the period. BlackRock Inc. increased its stake in LyondellBasell Industries NV by 11.6% in the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after acquiring an additional 2,327,350 shares during the period. Capital World Investors increased its stake in LyondellBasell Industries NV by 23.0% in the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after acquiring an additional 3,651,750 shares during the period. Finally, State Street Corp increased its stake in LyondellBasell Industries NV by 0.6% in the first quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after acquiring an additional 88,954 shares during the period. 74.05% of the stock is currently owned by institutional investors and hedge funds.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

What are top analysts saying about LyondellBasell Industries NV? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for LyondellBasell Industries NV and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit