Kepler Capital Markets set a €47.00 ($54.65) target price on Lanxess (ETR:LXS) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
LXS has been the subject of several other research reports. Baader Bank set a €45.00 ($52.33) target price on Lanxess and gave the stock a sell rating in a research note on Thursday, April 11th. Goldman Sachs Group reissued a buy rating and set a target price on shares of Lanxess in a research note on Monday, April 1st. Credit Suisse Group set a €55.50 ($64.53) target price on Lanxess and gave the stock a neutral rating in a research note on Thursday, January 17th. Independent Research set a €52.00 ($60.47) target price on Lanxess and gave the stock a neutral rating in a research note on Tuesday, March 19th. Finally, UBS Group set a €53.00 ($61.63) target price on Lanxess and gave the stock a neutral rating in a research note on Monday, February 18th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €61.67 ($71.71).
Shares of ETR LXS opened at €49.25 ($57.27) on Tuesday. The company has a debt-to-equity ratio of 98.99, a current ratio of 2.57 and a quick ratio of 1.67. The stock has a market cap of $4.35 billion and a price-to-earnings ratio of 10.46. Lanxess has a 12 month low of €39.47 ($45.90) and a 12 month high of €72.60 ($84.42).
Lanxess Company Profile
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.
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