Lanxess (ETR:LXS) Given a €54.00 Price Target at Morgan Stanley

Morgan Stanley set a €54.00 ($62.79) price target on Lanxess (ETR:LXS) in a research report released on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other research firms have also weighed in on LXS. JPMorgan Chase & Co. lifted their price objective on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the company a neutral rating in a research note on Friday, July 5th. HSBC lifted their price objective on shares of Johnson Service Group from GBX 148 ($1.93) to GBX 180 ($2.35) and gave the company a buy rating in a research note on Friday, July 5th. Baader Bank set a €112.00 ($130.23) price objective on shares of Bechtle and gave the company a neutral rating in a research note on Tuesday, July 9th. UBS Group lifted their price objective on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a neutral rating in a research note on Thursday, July 11th. Finally, Independent Research set a €52.00 ($60.47) price objective on shares of Lanxess and gave the company a neutral rating in a research note on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of €61.85 ($71.92).

ETR:LXS opened at €55.14 ($64.12) on Monday. The company has a fifty day moving average of €49.68. The company has a market cap of $5.05 billion and a price-to-earnings ratio of 12.01. The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.42 ($84.21).

About Lanxess

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.

See Also: Why investors pay attention to retained earnings

Analyst Recommendations for Lanxess (ETR:LXS)

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.



Comments


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