Lanxess (LXS) Given a €83.00 Price Target at Kepler Capital Markets
Lanxess (ETR:LXS) received a €83.00 ($102.47) price objective from investment analysts at Kepler Capital Markets in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ price target would suggest a potential upside of 25.95% from the stock’s current price.
Other research analysts have also recently issued reports about the company. UBS Group set a €75.00 ($92.59) target price on Lanxess and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Bank of America reaffirmed a “buy” rating on shares of Lanxess in a research report on Thursday, January 11th. Macquarie set a €75.00 ($92.59) target price on Lanxess and gave the stock a “buy” rating in a research report on Thursday, October 26th. DZ Bank reaffirmed a “buy” rating on shares of Lanxess in a research report on Wednesday, December 13th. Finally, Deutsche Bank set a €69.00 ($85.19) target price on Lanxess and gave the stock a “neutral” rating in a research report on Wednesday, December 13th. Fourteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €71.29 ($88.01).
Lanxess (LXS) opened at €65.90 ($81.36) on Tuesday. The company has a market capitalization of $6,070.00 and a price-to-earnings ratio of 43.64. Lanxess has a 12-month low of €59.89 ($73.94) and a 12-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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