LyondellBasell Industries NV (NYSE:LYB)‘s stock had its “hold” rating restated by analysts at SunTrust Banks, Inc. in a research report issued on Wednesday, November 1st. They presently have a $100.00 price objective on the specialty chemicals company’s stock. SunTrust Banks, Inc.’s price objective indicates a potential downside of 4.10% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Royal Bank Of Canada raised their price objective on LyondellBasell Industries NV from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays PLC raised their price target on LyondellBasell Industries NV from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Cowen and Company reissued a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $95.00 price target (up from $88.00) on shares of LyondellBasell Industries NV in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $99.56.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $104.27 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49. The company has a market capitalization of $41,130.00, a PE ratio of 10.74, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83.
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In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries NV in the first quarter valued at approximately $107,000. Fieldpoint Private Securities LLC acquired a new position in LyondellBasell Industries NV in the third quarter valued at approximately $109,000. Point72 Asia Hong Kong Ltd acquired a new position in LyondellBasell Industries NV during the first quarter worth $132,000. American Beacon Advisors Inc. acquired a new position in LyondellBasell Industries NV during the first quarter worth $161,000. Finally, Seven Bridges Advisors LLC lifted its stake in LyondellBasell Industries NV by 32.8% during the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 478 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.
About LyondellBasell Industries NV
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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