Lanxess (ETR:LXS) PT Set at €70.00 by Deutsche Bank

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Deutsche Bank set a €70.00 ($81.40) price objective on Lanxess (ETR:LXS) in a report issued on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on LXS. Credit Suisse Group set a €19.00 ($22.09) price objective on K&S and gave the company a neutral rating in a research note on Tuesday, May 14th. DZ Bank cut from a buy rating to a hold rating in a research note on Friday, June 14th. Jefferies Financial Group set a €50.00 ($58.14) price objective on Lanxess and gave the company a neutral rating in a research note on Tuesday, May 14th. UBS Group set a €86.00 ($100.00) price objective on Beiersdorf and gave the company a sell rating in a research note on Tuesday, May 14th. Finally, Barclays set a $192.00 price objective on Tesla and gave the company a sell rating in a research note on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the stock. The company has an average rating of Hold and an average target price of €61.85 ($71.92).

ETR LXS opened at €54.50 ($63.37) on Monday. The company’s 50-day moving average price is €48.58. Lanxess has a twelve month low of €39.47 ($45.90) and a twelve month high of €72.42 ($84.21). The company has a quick ratio of 1.53, a current ratio of 2.61 and a debt-to-equity ratio of 101.71. The stock has a market capitalization of $4.99 billion and a P/E ratio of 11.87.

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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Analyst Recommendations for Lanxess (ETR:LXS)

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