In a report issued on October 6, Kathleen Gailliot from Kepler Capital maintained a Sell rating on LANXESS (LNXSF), with a price target of EUR45.00. The company’s shares closed last Friday at $76.80, equals to its 52-week high of $76.80.
Gailliot has an average return of 1.2% when recommending LANXESS.
According to TipRanks.com, Gailliot is ranked #6936 out of 7170 analysts.
Currently, the analyst consensus on LANXESS is a Moderate Buy with an average price target of $68.51, representing a -10.8% downside. In a report issued on September 29, Goldman Sachs also maintained a Sell rating on the stock with a EUR45.00 price target.
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The company has a one-year high of $76.80 and a one-year low of $28.34. Currently, LANXESS has an average volume of 458.
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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.
