A number of other equities research analysts also recently weighed in on the company. HSBC Holdings plc set a €66.00 ($75.00) target price on Lanxess AG and gave the stock a neutral rating in a report on Wednesday, May 24th. Macquarie set a €75.00 ($85.23) target price on Lanxess AG and gave the stock a buy rating in a report on Saturday, May 20th. S&P Global set a €70.00 ($79.55) target price on Lanxess AG and gave the stock a neutral rating in a report on Monday, May 29th. Warburg Research set a €79.00 ($89.77) target price on Lanxess AG and gave the stock a buy rating in a report on Saturday, May 20th. Finally, Citigroup Inc. set a €80.00 ($90.91) target price on Lanxess AG and gave the stock a buy rating in a report on Saturday, May 20th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of €72.29 ($82.15).
Shares of Lanxess AG (LXS) opened at 67.061 on Wednesday. The stock has a 50 day moving average of €66.99 and a 200 day moving average of €65.20. Lanxess AG has a 52-week low of €37.77 and a 52-week high of €70.85. The company has a market cap of €6.14 billion and a P/E ratio of 28.284.
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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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