Why LyondellBasell Industries NV (NYSE:LYB) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $93.4200 on LyondellBasell Industries NV (NYSE:LYB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $9.7400 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of LyondellBasell Industries NV (NYSE:LYB) stands at 8.3706. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For LyondellBasell Industries NV Or, the PEG ratio for coming 3-5 years is 1.2500. Technical Analysis The technical analysis highlights that LyondellBasell Industries NV Or current price is trading $-1.5567 points away -1.9110% from $81.4620, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $83.1506 and, for now, the stock price is trading $-3.2453 or -3.9029% away from that point. The 52-week high of LyondellBasell Industries NV (NYSE:LYB) was $106.5000 while lowest point recorded in 52-week was $69.1000. It implies if stock price makes a movement of over $-26.5947, it will record a new 52-week high. In the case of $+15.6372% points drop, it will touch a new 52-week low.

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