Lanxess (ETR:LXS) Given a €88.00 Price Target at HSBC

HSBC set a €88.00 ($102.33) price target on Lanxess (ETR:LXS) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on LXS. Commerzbank set a €75.00 ($87.21) price objective on shares of Lanxess and gave the stock a buy rating in a research note on Wednesday, November 20th. Kepler Capital Markets set a €50.00 ($58.14) price objective on shares of Lanxess and gave the stock a sell rating in a research note on Tuesday, November 19th. Deutsche Bank set a €70.00 ($81.40) price objective on shares of Lanxess and gave the stock a buy rating in a research note on Monday, August 5th. Independent Research set a €66.00 ($76.74) price objective on shares of Lanxess and gave the stock a neutral rating in a research note on Monday, November 18th. Finally, Bank of America set a €66.00 ($76.74) price objective on shares of Lanxess and gave the stock a buy rating in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. Lanxess has a consensus rating of Hold and a consensus target price of €63.22 ($73.51).

Shares of Lanxess stock opened at €61.60 ($71.63) on Tuesday. The firm has a fifty day simple moving average of €60.34 and a 200-day simple moving average of €53.87. The company has a current ratio of 2.70, a quick ratio of 1.54 and a debt-to-equity ratio of 102.70. Lanxess has a 1-year low of €39.47 ($45.90) and a 1-year high of €64.00 ($74.42). The stock has a market capitalization of $5.36 billion and a price-to-earnings ratio of 15.64.

Lanxess Company Profile

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.

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Analyst Recommendations for Lanxess (ETR:LXS)

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