Societe Generale Reiterates €67.00 Price Target for Lanxess AG (LXS)

Societe Generale Reiterates €67.00 Price Target for Lanxess AG (LXS)

Other equities research analysts have also issued research reports about the stock. S&P Global set a €70.00 ($78.65) price objective on shares of Lanxess AG and gave the stock a neutral rating in a research report on Saturday, May 20th. Warburg Research set a €79.00 ($88.76) price objective on shares of Lanxess AG and gave the stock a buy rating in a research report on Saturday, May 20th. Baader Bank set a €67.00 ($75.28) price objective on shares of Lanxess AG and gave the stock a neutral rating in a research report on Saturday, May 20th. Nord/LB set a €76.00 ($85.39) price objective on shares of Lanxess AG and gave the stock a buy rating in a research report on Saturday, May 20th. Finally, Commerzbank Ag set a €64.00 ($71.91) price objective on shares of Lanxess AG and gave the stock a buy rating in a research report on Saturday, May 20th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of €71.87 ($80.75).

Societe Generale set a €67.00 ($75.28) target price on Lanxess AG (ETR:LXS) in a research report sent to investors on Monday. The brokerage currently has a neutral rating on the stock.

Lanxess AG (ETR:LXS) opened at 66.511 on Monday. The company has a 50 day moving average price of €65.28 and a 200 day moving average price of €63.86. The firm has a market capitalization of €6.09 billion and a P/E ratio of 28.052. Lanxess AG has a 52-week low of €37.77 and a 52-week high of €69.20.

About Lanxess AG

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

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