A number of other equities research analysts also recently issued reports on the company. Bank of America restated a buy rating on shares of Lanxess in a research note on Thursday, January 11th. Kepler Capital Markets set a €83.00 ($102.47) price objective on Lanxess and gave the company a buy rating in a research report on Tuesday, November 28th. DZ Bank reaffirmed a buy rating on shares of Lanxess in a research report on Friday, January 19th. Deutsche Bank set a €69.00 ($85.19) price objective on Lanxess and gave the company a neutral rating in a research report on Monday, December 4th. Finally, UBS set a €75.00 ($92.59) price objective on Lanxess and gave the company a buy rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the stock. Lanxess has a consensus rating of Hold and a consensus price target of €70.91 ($87.55).
Shares of Lanxess stock traded up €1.32 ($1.63) during trading hours on Thursday, reaching €63.02 ($77.80). 340,018 shares of the stock traded hands, compared to its average volume of 312,027. Lanxess has a one year low of €59.89 ($73.94) and a one year high of €74.50 ($91.98).
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LANXESS Aktiengesellschaft develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in four segments: Advanced Intermediates, Performance Chemicals, High Performance Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemicals and coatings industries; fine chemicals as precursors and intermediates for pharmaceuticals, agrochemicals, and specialty chemicals industries; customer-specific specialties; and tire chemicals.
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