Lanxess (ETR:LXS) Given a €64.00 Price Target at Warburg Research

Warburg Research set a €64.00 ($71.91) target price on Lanxess (ETR:LXS) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other analysts have also commented on the company. Barclays set a €51.00 ($57.30) price objective on Lanxess and gave the company a neutral rating in a research note on Monday, July 6th. Independent Research set a €50.00 ($56.18) price target on shares of Lanxess and gave the stock a neutral rating in a research note on Tuesday, May 12th. Kepler Capital Markets set a €45.00 ($50.56) price target on shares of Lanxess and gave the stock a sell rating in a research note on Thursday, May 28th. Credit Suisse Group set a €53.00 ($59.55) price objective on shares of Lanxess and gave the stock a buy rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group set a €48.00 ($53.93) price objective on shares of Lanxess and gave the stock a neutral rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of €53.59 ($60.21).

Shares of LXS stock opened at €48.02 ($53.96) on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 142.83. The stock has a market cap of $4.11 billion and a P/E ratio of 22.73. Lanxess has a fifty-two week low of €25.68 ($28.85) and a fifty-two week high of €64.58 ($72.56). The business has a fifty day simple moving average of €47.57 and a 200-day simple moving average of €48.33.

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.

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Analyst Recommendations for Lanxess (ETR:LXS)

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