Lanxess (ETR:LXS) received a €80.00 ($98.77) price objective from Citigroup in a research note issued to investors on Tuesday, March 20th. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 29.07% from the company’s previous close.
LXS has been the topic of several other reports. Kepler Capital Markets set a €83.00 ($102.47) price objective on shares of Lanxess and gave the company a “buy” rating in a research note on Tuesday, November 28th. UBS set a €75.00 ($92.59) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Monday, February 5th. equinet set a €83.00 ($102.47) price target on shares of Lanxess and gave the stock a “buy” rating in a research note on Thursday, March 15th. Baader Bank set a €75.00 ($92.59) price target on shares of Lanxess and gave the stock a “neutral” rating in a research note on Tuesday, February 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of €70.91 ($87.55).
LXS traded up €0.40 ($0.49) during trading on Tuesday, hitting €61.98 ($76.52). The stock had a trading volume of 247,374 shares, compared to its average volume of 312,027. Lanxess has a twelve month low of €59.89 ($73.94) and a twelve month high of €74.50 ($91.98).
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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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