LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of LANXESS Aktiengesellschaft (OTCMKTS:LNXSFGet Rating) have earned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $61.38.

A number of research analysts have recently issued reports on the company. Credit Suisse Group decreased their target price on LANXESS Aktiengesellschaft from €58.00 ($59.18) to €52.00 ($53.06) and set an “outperform” rating on the stock in a research report on Thursday, July 14th. Barclays decreased their target price on LANXESS Aktiengesellschaft from €70.00 ($71.43) to €64.00 ($65.31) and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Citigroup assumed coverage on LANXESS Aktiengesellschaft in a research report on Friday, August 5th. They set a “neutral” rating on the stock. UBS Group increased their target price on LANXESS Aktiengesellschaft from €59.00 ($60.20) to €64.00 ($65.31) in a research report on Wednesday, June 8th. Finally, Morgan Stanley decreased their price objective on LANXESS Aktiengesellschaft from €46.00 ($46.94) to €43.00 ($43.88) in a report on Wednesday, August 10th.

LANXESS Aktiengesellschaft Stock Performance

Shares of OTCMKTS:LNXSF opened at $34.60 on Friday. LANXESS Aktiengesellschaft has a 1 year low of $31.29 and a 1 year high of $76.88. The business’s 50 day moving average price is $34.69 and its 200-day moving average price is $38.68.

About LANXESS Aktiengesellschaft

(Get Rating)

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, additives, specialty chemicals, and plastics worldwide. It operates through four segments: Advanced Intermediates, Specialty Additives, Consumer Protection, and Engineering Materials.

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Analyst Recommendations for LANXESS Aktiengesellschaft (OTCMKTS:LNXSF)

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