LyondellBasell (LYB) Gets a Buy Rating from Alembic Global


Alembic Global analyst Hassan Ahmed maintained a Buy rating on LyondellBasell (LYB) today and set a price target of $120. The company’s shares closed on Friday at $86.13.

According to TipRanks.com, Ahmed ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.4% and a 35.5% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and Celanese Corp.

LyondellBasell has an analyst consensus of Moderate Buy, with a price target consensus of $103.13.

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The company has a one-year high of $116.63 and a one-year low of $73.94. Currently, LyondellBasell has an average volume of 2.84M.

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LyondellBasell Industries NV operates as 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.

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