Lanxess (ETR:LXS) Given a €57.00 Price Target at Barclays

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Barclays set a €57.00 ($66.28) target price on Lanxess (ETR:LXS) in a report released on Thursday, September 26th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on LXS. Baader Bank set a €45.00 ($52.33) target price on shares of Lanxess and gave the stock a sell rating in a research report on Friday, August 2nd. Goldman Sachs Group restated a buy rating on shares of Lanxess in a research report on Monday, September 16th. Bank of America set a €66.00 ($76.74) target price on shares of Lanxess and gave the stock a buy rating in a research report on Friday, September 20th. UBS Group set a €56.00 ($65.12) price target on shares of Lanxess and gave the stock a neutral rating in a report on Monday, September 2nd. Finally, JPMorgan Chase & Co. reiterated a buy rating on shares of Lanxess in a report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of €59.97 ($69.73).

Shares of ETR LXS traded up €1.66 ($1.93) during midday trading on Thursday, hitting €58.04 ($67.49). The company had a trading volume of 217,270 shares, compared to its average volume of 312,027. The company has a quick ratio of 1.51, a current ratio of 2.72 and a debt-to-equity ratio of 107.55. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €60.70 ($70.58). The business has a 50-day simple moving average of €54.89 and a two-hundred day simple moving average of €51.76. The firm has a market capitalization of $5.08 billion and a price-to-earnings ratio of 13.35.

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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