Separately, Warburg Research set a €79.00 ($87.78) price target on Lanxess AG and gave the company a buy rating in a report on Saturday, May 20th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Lanxess AG has an average rating of Hold and a consensus target price of €72.25 ($80.28).
Shares of Lanxess AG (ETR LXS) traded up 0.569% during mid-day trading on Friday, reaching €67.681. 2,180 shares of the company’s stock traded hands. Lanxess AG has a 12-month low of €37.77 and a 12-month high of €70.85. The firm has a 50-day moving average of €67.02 and a 200 day moving average of €64.86. The company has a market cap of €6.19 billion and a P/E ratio of 28.545.
About Lanxess AG
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.
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