LyondellBasell Industries NV (LYB) Rating Reiterated by SunTrust Banks, Inc.

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.

WARNING: “LyondellBasell Industries NV (LYB) Rating Reiterated by SunTrust Banks, Inc.” was posted by BBNS and is the sole property of of BBNS. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://baseballnewssource.com/markets/lyondellbasell-industries-nvs-lyb-hold-rating-reaffirmed-at-suntrust-banks-inc/1749496.html.

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.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related companies with our FREE daily email newsletter.

 


Latest News

Toronto Blue Jays Launch Internal Investigation on PED Use
Toronto Blue Jays Launch Internal Investigation on PED Use
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player


Leave a Reply

 
© 2006-2017 BBNS.