Lanxess (ETR:LXS) Given a €54.00 Price Target at Berenberg Bank

Share on StockTwits

Berenberg Bank set a €54.00 ($63.53) target price on Lanxess (ETR:LXS) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on LXS. Credit Suisse Group set a €53.00 ($62.35) price objective on Lanxess and gave the stock a buy rating in a research note on Thursday, May 7th. Warburg Research set a €64.00 ($75.29) price target on shares of Lanxess and gave the company a buy rating in a research report on Thursday, August 13th. Goldman Sachs Group set a €48.00 ($56.47) price objective on shares of Lanxess and gave the stock a sell rating in a research report on Thursday, August 13th. Nord/LB set a €44.00 ($51.76) target price on shares of Lanxess and gave the company a neutral rating in a research report on Wednesday, May 27th. Finally, Independent Research set a €50.00 ($58.82) price target on shares of Lanxess and gave the stock a neutral rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €55.44 ($65.22).

LXS stock opened at €49.55 ($58.29) on Monday. Lanxess has a 12 month low of €25.68 ($30.21) and a 12 month high of €64.58 ($75.98). The firm’s 50-day moving average is €47.41 and its 200 day moving average is €46.08. The company has a market capitalization of $4.33 billion and a PE ratio of 23.34. The company has a debt-to-equity ratio of 142.83, a current ratio of 1.88 and a quick ratio of 1.27.

About Lanxess

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.

Read More: What is the Current Ratio?

Analyst Recommendations for Lanxess (ETR:LXS)

Receive News & Ratings for Lanxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lanxess and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply