Deutsche Bank AG Reiterates €79.00 Price Target for Lanxess AG (LXS)

Deutsche Bank AG set a €79.00 ($92.94) price target on Lanxess AG (ETR:LXS) in a report issued on Thursday. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. S&P Global set a €70.00 ($82.35) price target on shares of Lanxess AG and gave the company a neutral rating in a report on Saturday, May 20th. Warburg Research set a €79.00 ($92.94) price target on shares of Lanxess AG and gave the company a buy rating in a report on Saturday, May 20th. Baader Bank set a €67.00 ($78.82) price target on shares of Lanxess AG and gave the company a neutral rating in a report on Saturday, May 20th. Nord/LB set a €76.00 ($89.41) price target on shares of Lanxess AG and gave the company a buy rating in a report on Saturday, May 20th. Finally, Commerzbank Ag set a €64.00 ($75.29) price target on shares of Lanxess AG and gave the company a buy rating in a report on Saturday, May 20th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Lanxess AG has a consensus rating of Hold and an average target price of €71.61 ($84.25).

Shares of Lanxess AG (LXS) opened at 62.658 on Thursday. Lanxess AG has a 52-week low of €45.95 and a 52-week high of €70.85. The firm has a market capitalization of €5.73 billion and a P/E ratio of 39.557. The stock has a 50 day moving average of €66.28 and a 200-day moving average of €65.72.

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Lanxess AG Company Profile

LANXESS AG is a Germany-based company engaged in the chemicals sector. The Company specializes in the development, manufacturing and marketing of chemical intermediates, specialty chemicals and plastics. Its business activities are divided into three segments: Performance Polymers, responsible for the manufacture of special-purpose rubbers for rubber products used in vehicles, footwear, engineering and construction area, among others; Advanced Intermediates, focused on the development of intermediates for agrochemicals, coatings industries, pharmaceuticals and tire chemicals, among others, as well as Performance Chemicals, which includes chemicals applied in material protection products, inorganic pigments, finishing agents, leather industry and resins for water treatment, among others.

Analyst Recommendations for Lanxess AG (ETR:LXS)

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