Lanxess AG (OTCMKTS:LNXSF) has been given an average rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation.
A number of brokerages have issued reports on LNXSF. JPMorgan Chase & Co. lowered Lanxess from an “overweight” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Goldman Sachs Group lowered Lanxess from a “buy” rating to a “neutral” rating in a research note on Monday, October 7th. Finally, Citigroup lowered Lanxess from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 10th.
OTCMKTS LNXSF traded up $3.28 on Friday, hitting $71.08. 340 shares of the stock traded hands, compared to its average volume of 1,495. The stock has a 50-day moving average of $64.43 and a 200 day moving average of $59.18. Lanxess has a twelve month low of $44.30 and a twelve month high of $71.08.
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.
Featured Story: What are the risks of holding treasury bonds?
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.