LyondellBasell Industries NV (NYSE:LYB) had its price objective hoisted by equities researchers at Royal Bank Of Canada from $102.00 to $110.00 in a report issued on Tuesday. The firm presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 6.25% from the stock’s previous close.

Several other research analysts have also recently commented on LYB. BidaskClub cut LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $88.00 target price on LyondellBasell Industries NV and gave the stock a “hold” rating in a research note on Monday, August 21st. SunTrust Banks, Inc. reissued a “hold” rating and set a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Saturday, September 30th. UBS AG reissued a “neutral” rating and set a $88.00 target price (up from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Finally, Cowen and Company boosted their target price on LyondellBasell Industries NV from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.56.

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In other news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of LyondellBasell Industries NV by 2.8% in the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after purchasing an additional 821,391 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of LyondellBasell Industries NV by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after purchasing an additional 473,129 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of LyondellBasell Industries NV by 11.6% in the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. Capital World Investors lifted its holdings in shares of LyondellBasell Industries NV by 23.0% in the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of LyondellBasell Industries NV by 0.6% in the 1st quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after purchasing an additional 88,954 shares during the last quarter. 74.05% of the stock is owned by institutional investors and hedge funds.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

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