LyondellBasell Industries (NYSE:LYB) had its target price hoisted by JPMorgan Chase & Co. from $69.00 to $84.00 in a research note released on Monday, AnalystRatings.com reports. The brokerage currently has an underweight rating on the specialty chemicals company’s stock.

LYB has been the subject of several other reports. Wells Fargo & Co started coverage on shares of LyondellBasell Industries in a report on Tuesday, October 15th. They set an outperform rating and a $105.00 price target for the company. UBS Group upped their target price on shares of LyondellBasell Industries from $87.00 to $93.00 and gave the stock a neutral rating in a research report on Wednesday, October 2nd. Citigroup upped their target price on shares of LyondellBasell Industries from $83.00 to $88.00 and gave the stock a neutral rating in a research report on Wednesday, October 9th. Bank of America upped their target price on shares of LyondellBasell Industries from $89.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, September 26th. Finally, Cowen upped their target price on shares of LyondellBasell Industries from $85.00 to $90.00 and gave the stock a market perform rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $97.19.

NYSE LYB traded down $1.86 during trading hours on Monday, hitting $93.06. 1,830,411 shares of the stock were exchanged, compared to its average volume of 2,742,748. The company has a market cap of $32.01 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. LyondellBasell Industries has a 12-month low of $68.61 and a 12-month high of $98.91. The stock has a 50-day moving average of $90.32 and a 200 day moving average of $83.92. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 1.38.

In other news, CEO Bhavesh V. Patel bought 7,246 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average price of $68.85 per share, for a total transaction of $498,887.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Massimo Covezzi sold 11,762 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $96.79, for a total transaction of $1,138,443.98. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Advisors Preferred LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $25,000. Prestige Wealth Management Group LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $26,000. MUFG Americas Holdings Corp raised its stake in shares of LyondellBasell Industries by 80.8% in the 2nd quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 147 shares during the period. Capital Investment Advisory Services LLC raised its stake in shares of LyondellBasell Industries by 211.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 324 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 220 shares during the period. Finally, Reilly Financial Advisors LLC raised its stake in shares of LyondellBasell Industries by 89.4% in the 2nd quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 195 shares during the period. 74.20% of the stock is currently owned by institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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