In a report released yesterday, Oliver Schwarz from Warburg Research maintained a Buy rating on LANXESS (LNXSF), with a price target of EUR64.00. The company’s shares closed last Monday at $57.80.
Schwarz has an average return of 4.9% when recommending LANXESS.
According to TipRanks.com, Schwarz is ranked #4982 out of 7061 analysts.
Currently, the analyst consensus on LANXESS is a Moderate Buy with an average price target of $61.31, a 6.0% upside from current levels. In a report issued on November 6, Societe Generale also upgraded the stock to Buy with a EUR56.00 price target.
See today’s analyst top recommended stocks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
