UBS Group set a €75.00 ($92.59) target price on Lanxess (ETR:LXS) in a report published on Monday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also commented on the stock. Credit Suisse Group set a €72.70 ($89.75) price target on shares of Lanxess and gave the stock a neutral rating in a research note on Thursday, January 25th. DZ Bank restated a buy rating on shares of Lanxess in a research note on Friday, January 19th. Bank of America restated a buy rating on shares of Lanxess in a research note on Thursday, January 11th. JPMorgan Chase & Co. set a €67.00 ($82.72) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Monday, January 8th. Finally, Independent Research set a €73.00 ($90.12) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Friday, January 5th. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of €71.29 ($88.01).
Shares of Lanxess (ETR:LXS) opened at €66.46 ($82.05) on Monday. Lanxess has a one year low of €59.89 ($73.94) and a one year high of €74.50 ($91.98). The company has a market cap of $6,120.00 and a price-to-earnings ratio of 44.01.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.com-unik.info/2018/02/09/lanxess-lxs-pt-set-at-75-00-by-ubs-group.html.
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.
Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.