Goldman Sachs Group upgraded shares of LyondellBasell Industries (NYSE:LYB) from a buy rating to a conviction-buy rating in a research note released on Monday morning, The Fly reports. Goldman Sachs Group currently has $96.00 price objective on the specialty chemicals company’s stock, down from their prior price objective of $121.00.

A number of other equities research analysts have also recently commented on the stock. Nomura reduced their price target on shares of LyondellBasell Industries from $91.00 to $85.00 and set a neutral rating for the company in a report on Wednesday, September 18th. ValuEngine upgraded shares of LyondellBasell Industries from a sell rating to a hold rating in a report on Wednesday, October 2nd. Bank of America raised their price target on shares of LyondellBasell Industries from $89.00 to $90.00 and gave the stock a buy rating in a report on Thursday, September 26th. Barclays reduced their price target on shares of LyondellBasell Industries from $100.00 to $91.00 and set an overweight rating for the company in a report on Monday, August 5th. Finally, Cfra upgraded shares of LyondellBasell Industries from a buy rating to a strong-buy rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $97.19.

NYSE:LYB traded down $1.86 during trading hours on Monday, reaching $93.06. The company had a trading volume of 1,830,411 shares, compared to its average volume of 2,742,748. The company has a quick ratio of 0.70, a current ratio of 1.30 and a debt-to-equity ratio of 1.38. The firm has a market cap of $32.01 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.13 and a beta of 1.36. The business’s 50-day simple moving average is $90.32 and its two-hundred day simple moving average is $83.92. LyondellBasell Industries has a twelve month low of $68.61 and a twelve month high of $98.91.

In other news, CEO Bhavesh V. Patel purchased 7,246 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $68.85 per share, for a total transaction of $498,887.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Massimo Covezzi sold 11,762 shares of the business’s stock in a transaction dated 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 company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its holdings in LyondellBasell Industries by 3.9% during the second quarter. Janus Henderson Group PLC now owns 5,877,544 shares of the specialty chemicals company’s stock worth $506,235,000 after purchasing an additional 220,595 shares during the last quarter. Morgan Stanley boosted its holdings in LyondellBasell Industries by 10.3% during the second quarter. Morgan Stanley now owns 4,118,615 shares of the specialty chemicals company’s stock worth $354,737,000 after purchasing an additional 385,093 shares during the last quarter. Invesco Ltd. boosted its holdings in LyondellBasell Industries by 32.0% during the second quarter. Invesco Ltd. now owns 3,639,022 shares of the specialty chemicals company’s stock worth $313,429,000 after purchasing an additional 881,932 shares during the last quarter. Aristeia Capital LLC purchased a new position in LyondellBasell Industries during the second quarter worth about $226,334,000. Finally, Prudential Financial Inc. boosted its holdings in LyondellBasell Industries by 16.2% during the second quarter. Prudential Financial Inc. now owns 2,129,921 shares of the specialty chemicals company’s stock worth $183,450,000 after purchasing an additional 296,727 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.

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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