LyondellBasell Industries NV (LYB) Price Target Raised to $115.00

LyondellBasell Industries NV (NYSE:LYB) had its price objective upped by Barclays PLC from $105.00 to $115.00 in a research note released on Tuesday, MarketBeat reports. The brokerage currently has an overweight rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of LyondellBasell Industries NV from a buy rating to a hold rating in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of LyondellBasell Industries NV from $102.00 to $110.00 and gave the stock a sector perform rating in a report on Tuesday. UBS AG upped their price objective on shares of LyondellBasell Industries NV from $96.00 to $102.00 and gave the stock a neutral rating in a report on Monday. Cowen and Company upped their price objective on shares of LyondellBasell Industries NV from $90.00 to $95.00 and gave the stock a market perform rating in a report on Monday, October 16th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $95.00 price objective (up from $88.00) on shares of LyondellBasell Industries NV in a report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries NV has an average rating of Hold and a consensus price target of $99.56.

LyondellBasell Industries NV (NYSE LYB) traded up $2.15 during midday trading on Tuesday, hitting $105.58. 2,075,370 shares of the stock were exchanged, compared to its average volume of 2,606,388. The firm has a market capitalization of $40.84 billion, a price-to-earnings ratio of 10.71 and a beta of 1.08.

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In related news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Harbour Capital Advisors LLC acquired a new stake in shares of LyondellBasell Industries NV during the first quarter worth approximately $107,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of LyondellBasell Industries NV during the first quarter worth approximately $132,000. American Beacon Advisors Inc. acquired a new stake in shares of LyondellBasell Industries NV during the first quarter worth approximately $161,000. Seven Bridges Advisors LLC increased its holdings in shares of LyondellBasell Industries NV by 32.8% during the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares in the last quarter. Finally, Vicus Capital acquired a new stake in shares of LyondellBasell Industries NV during the third quarter worth approximately $203,000. 74.05% of the stock is owned by institutional investors.

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.

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