UBS Keeps a Hold Rating on LyondellBasell (LYB)


UBS analyst John Roberts maintained a Hold rating on LyondellBasell (LYB) today and set a price target of $93.00. The company’s shares closed last Monday at $86.38.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of -0.2% and a 62.3% success rate. Roberts covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and DuPont de Nemours, Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LyondellBasell with a $89.90 average price target, a 4.1% upside from current levels. In a report issued on September 18, Nomura also maintained a Hold rating on the stock with a $85.00 price target.

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The company has a one-year high of $106.61 and a one-year low of $68.61. Currently, LyondellBasell has an average volume of 3.28M.

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LYB in relation to earlier this year.

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.

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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