LANXESS (ETR:LXS) Rating Change

Lanxess (ETR:LXS)’s rating was boosted by equity research analysts at Norddeutsche Landesbank to a “Buy” rating in a note revealed to clients on 10 February. The firm from today has a EUR 52.00 target price per share on the stock. Norddeutsche Landesbank’s target price per share means a potential upside of 51.29 %.

In spite of the stock upgrade ETR:LXS is right now trading -2.93% lower at EUR 33.35 as of 15:52 Frankfurt time. LANXESS shares have declined -29.89% in the past 200 days, while the S&P500 has declined -12.19% during the same time period.

According to data compiled by Thomson Reuters, LANXESS (ETR:LXS)’s stock is covered by 27 equity analysts across the Street, with 5 analysts giving it a Sell rating, 13 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is EUR 54.47, which reflects an upside potential of 63.33% over the current price.

ETR:LXS Price Chart & Trend

The stock price of LANXESS has dropped 29.89% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, LANXESS is down 27.72% and down 23.82%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

LANXESS (ETR:LXS) Profile

Lanxess AG is a Germany-based chemical holding company. Its activities are divided into three main segments. The Performance Polymers segment encompasses the activities of the Lanxess Group in the production of rubber and plastics, and includes Butyl Rubbers, Performance Butadiene Rubbers, Technical Rubber Products and Semi-Crystalline Products business units.

LANXESS (ETR:LXS) traded down -2.93% on 10 February, hitting EUR 33.35. A total of 573,868 shares of the company’s stock traded hands. This is up from average of 545,155 shares. LANXESS has a 52 week low of EUR 32.90 and a 52 week high of EUR 56.5. The company has a market cap of 3.05 billion EUR and a P/E ratio of 37.22.

Get the latest LANXESS (ETR:LXS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post LANXESS (ETR:LXS) was Improved at Norddeutsche Landesbank to “Buy” Rating. The Target Price is Set to EUR 52.00 appeared first on Octafinance.