Societe Generale Analysts Set Lanxess AG (LXS) a €67.00 Target Price

Societe Generale Analysts Set Lanxess AG (LXS) a €67.00 Target Price

Lanxess AG (ETR:LXS) has been given a €67.00 ($75.28) target price by investment analysts at Societe Generale in a research note issued on Monday. The firm presently has a “neutral” rating on the stock.

A number of other equities analysts also recently weighed in on the company. Macquarie set a €75.00 ($84.27) price target on Lanxess AG and gave the stock a “buy” rating in a research report on Saturday, May 20th. Deutsche Bank AG set a €79.00 ($88.76) price objective on Lanxess AG and gave the company a “buy” rating in a report on Saturday, May 20th. HSBC Holdings plc set a €66.00 ($74.16) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Wednesday, May 24th. S&P Global set a €70.00 ($78.65) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Finally, Independent Research GmbH set a €72.00 ($80.90) price objective on Lanxess AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Eight equities research 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 an average rating of “Hold” and an average price target of €71.87 ($80.75).

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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