Lanxess (ETR:LXS) has been given a €64.00 ($76.19) target price by investment analysts at Morgan Stanley in a report issued on Tuesday. The firm presently has a “neutral” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 1.43% from the company’s current price.
LXS has been the topic of several other reports. Kepler Capital Markets set a €83.00 ($98.81) target price on Lanxess and gave the company a “buy” rating in a research report on Tuesday, November 28th. set a €66.00 ($78.57) target price on Lanxess and gave the company a “neutral” rating in a research report on Wednesday, August 30th. Baader Bank set a €75.00 ($89.29) target price on Lanxess and gave the company a “buy” rating in a research report on Monday, September 11th. Macquarie set a €75.00 ($89.29) target price on Lanxess and gave the company a “buy” rating in a research report on Wednesday, September 13th. Finally, Jefferies Group set a €69.00 ($82.14) target price on Lanxess and gave the company a “neutral” rating in a research report on Tuesday, September 12th. Thirteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of €70.60 ($84.05).
Lanxess (LXS) opened at €64.93 ($77.30) on Tuesday. Lanxess has a 1 year low of €59.89 ($71.30) and a 1 year high of €70.67 ($84.13). The stock has a market capitalization of $5,940.00 and a PE ratio of 43.00.
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LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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