Jefferies analyst Laurence Alexander maintained a Hold rating on LANXESS (LNXSF) yesterday and set a price target of EUR50.00. The company’s shares closed last Monday at $57.80.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 12.0% and a 69.0% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Sociedad Quimica Y Minera SA, Air Products and Chemicals, and GCP Applied Technologies.
LANXESS has an analyst consensus of Moderate Buy, with a price target consensus of $61.31, which is a 6.0% upside from current levels. In a report issued on November 5, J.P. Morgan also maintained a Hold rating on the stock with a EUR50.00 price target.
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The company has a one-year high of $71.08 and a one-year low of $28.34. Currently, LANXESS has an average volume of 677.
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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.
