Shares of LyondellBasell Industries NV (NYSE:LYB) have been given a consensus rating of “Hold” by the nineteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $98.87.

Several equities analysts have recently commented on LYB shares. SunTrust Banks, Inc. restated a “hold” rating and issued a $100.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday, November 1st. Barclays PLC boosted their target price on shares of LyondellBasell Industries NV from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Zacks Investment Research cut shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Royal Bank Of Canada boosted their target price on shares of LyondellBasell Industries NV from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Finally, UBS AG boosted their target price on shares of LyondellBasell Industries NV from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 30th.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were 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 is available through this link. 0.09% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LYB. Janus Henderson Group PLC increased its position in LyondellBasell Industries NV by 10,925.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after acquiring an additional 5,021,985 shares during the period. Capital World Investors increased its position in 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 acquiring an additional 3,651,750 shares during the period. BlackRock Inc. increased its position in 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 acquiring an additional 2,327,350 shares during the period. Beutel Goodman & Co Ltd. acquired a new position in LyondellBasell Industries NV in the 2nd quarter valued at approximately $102,907,000. Finally, Bank of New York Mellon Corp increased its position in LyondellBasell Industries NV by 38.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock valued at $416,972,000 after acquiring an additional 1,160,471 shares during the period. Hedge funds and other institutional investors own 74.58% of the company’s stock.

LyondellBasell Industries NV (NYSE LYB) traded down $0.45 during midday trading on Friday, reaching $103.74. 1,796,600 shares of the company’s stock were exchanged, compared to its average volume of 2,612,983. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The company has a market cap of $41,098.82, a P/E ratio of 10.77, a P/E/G ratio of 1.16 and a beta of 1.08. LyondellBasell Industries NV has a 52-week low of $78.01 and a 52-week high of $107.83.

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LyondellBasell Industries NV Company Profile

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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