LANXESS (LNXSF) received a Buy rating from DZ BANK AG analyst Peter Spengler today. The company’s shares closed last Friday at $74.25, close to its 52-week high of $74.95.
Spengler has an average return of 59.4% when recommending LANXESS.
According to TipRanks.com, Spengler is ranked #1452 out of 7142 analysts.
LANXESS has an analyst consensus of Moderate Buy, with a price target consensus of $67.19, representing a -9.5% downside. In a report issued on December 7, Kepler Capital also upgraded the stock to Buy with a EUR71.00 price target.
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The company has a one-year high of $74.95 and a one-year low of $28.34. Currently, LANXESS has an average volume of 706.
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LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients. The Specialty Additives segment focuses on specialty additive chemicals. The Performance Chemicals segment covers application-oriented process, and functional chemicals operations. The High Performance Materials segment represents plastic activities in the engineering materials. The Arlanxeo segment refers to synthetic rubber activities. The company was founded on July 1, 2004 and is headquartered in Leverkusen, Germany.
