JPMorgan Chase & Co. set a €55.00 ($63.95) target price on Lanxess (ETR:LXS) in a research note published on Thursday morning. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Goldman Sachs Group set a €67.00 ($77.91) price objective on Lanxess and gave the stock a buy rating in a report on Tuesday, November 27th. Deutsche Bank set a €70.00 ($81.40) price objective on Lanxess and gave the stock a buy rating in a report on Tuesday, November 20th. HSBC set a €80.00 ($93.02) price objective on Lanxess and gave the stock a buy rating in a report on Thursday, December 13th. Nord/LB set a €62.00 ($72.09) price objective on Lanxess and gave the stock a buy rating in a report on Thursday, January 24th. Finally, Warburg Research set a €66.80 ($77.67) price objective on Lanxess and gave the stock a buy rating in a report on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of €62.14 ($72.25).

Shares of LXS traded up €0.98 ($1.14) during midday trading on Thursday, reaching €49.31 ($57.34). The stock had a trading volume of 245,136 shares, compared to its average volume of 312,027. Lanxess has a 12-month low of €39.47 ($45.90) and a 12-month high of €72.60 ($84.42). The company has a current ratio of 2.54, a quick ratio of 0.50 and a debt-to-equity ratio of 75.18. The stock has a market capitalization of $4.39 billion and a P/E ratio of 15.95.

About Lanxess

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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Analyst Recommendations for Lanxess (ETR:LXS)

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