Lanxess (LXS) Given a €69.00 Price Target at Deutsche Bank
Several other equities research analysts have also issued reports on the stock. Macquarie set a €75.00 ($89.29) target price on shares of Lanxess and gave the stock a buy rating in a research note on Thursday, October 26th. DZ Bank reissued a buy rating on shares of Lanxess in a research note on Friday, September 8th. Baader Bank set a €74.00 ($88.10) target price on shares of Lanxess and gave the stock a neutral rating in a research note on Tuesday, September 5th. Kepler Capital Markets set a €83.00 ($98.81) target price on shares of Lanxess and gave the stock a buy rating in a research note on Tuesday, November 28th. Finally, Goldman Sachs Group set a €70.00 ($83.33) target price on shares of Lanxess and gave the stock a neutral rating in a research note on Wednesday, September 6th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Lanxess has an average rating of Hold and a consensus target price of €70.95 ($84.46).
Shares of Lanxess (ETR:LXS) opened at €64.68 ($77.00) on Wednesday. Lanxess has a 12 month low of €59.89 ($71.30) and a 12 month high of €70.67 ($84.13).
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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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