The Lanxess AG (LXS) Given a €69.00 Price Target by Jefferies Group LLC Analysts

The Lanxess AG (LXS) Given a €69.00 Price Target by Jefferies Group LLC Analysts

A number of other brokerages also recently commented on LXS. S&P Global set a €70.00 ($78.65) price target on shares of Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Kepler Capital Markets set a €81.00 ($91.01) price target on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Warburg Research set a €79.00 ($88.76) price target on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Baader Bank set a €67.00 ($75.28) price target on shares of Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Finally, Nord/LB set a €76.00 ($85.39) price target on shares of Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of €71.87 ($80.75).

Lanxess AG (ETR:LXS) received a €69.00 ($77.53) price target from Jefferies Group LLC in a report issued on Thursday. The firm currently has a “neutral” rating on the stock.

Lanxess AG (ETR LXS) opened at 68.95 on Thursday. The stock has a market cap of €6.31 billion and a P/E ratio of 29.08. The stock has a 50 day moving average price of €65.49 and a 200 day moving average price of €63.91. Lanxess AG has a 12-month low of €37.76 and a 12-month high of €69.20.

Lanxess AG Company Profile 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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