Nomura analyst Aleksey Yefremov maintained a Hold rating on LyondellBasell (NYSE: LYB) today and set a price target of $113. The company’s shares opened today at $97.52, close to its 52-week low of $96.19.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 12.7% and a 60.3% success rate. Yefremov covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and DowDuPont Inc.
Currently, the analyst consensus on LyondellBasell is a Hold with an average price target of $117.13.
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Based on LyondellBasell’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.21 billion and net profit of $1.65 billion. In comparison, last year the company earned revenue of $8.52 billion and had a net profit of $1.06 billion.
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LyondellBasell Industries NV is an independent chemical company, which engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International, Intermediates; and Derivatives; Refining; and Technology.
