6.89% to Target, Societe Generale Keeps ‘”Hold”’ Rating on LANXESS (ETR:LXS) Shares Today

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LANXESS (ETR:LXS) Rating Reaffirmed

In analysts note distributed to Clients on 9 December, The “Hold” rating of LANXESS (ETR:LXS) shares was maintained by Analysts at Societe Generale, who now has a EUR 47.00 target price on the stock. Societe Generale’s target price indicates a possible upside of 6.89% from the price per share of the company.

From a total of 19 analysts covering LANXESS (ETR:LXS) stock, 9 rate it a ”Buy”, 3 a “Sell”, and 7 a ”Hold”. This means that 47% of the ratings are positive. The highest target price is €66 while the lowest target price is €39. The mean of all analyst targets is €53.78 with a 24.06% above today’s (€43.35) stock price. LANXESS was the topic of 45 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 9 with “Hold” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €60 target share price in a report from a November 10. HSBC maintained LXS stock in a recent report from November 26 with “Hold” rating. Citigroup upgraded the rating on November 10. Citigroup has a “Buy” rating and a €65 price target on shares. Finally, Warburg Research maintained the stock with “Hold” rating in a report issued on a November 17.

Approximately 84,828 shares of stock traded hands. Lanxess AG (ETR:LXS) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.

6.89% to Target, Societe Generale Keeps ‘

Lanxess AG is a Germany-based chemical holding company. The company has a market cap of 4.05 billion EUR. The Company’s activities are divided into three main divisions. It has 48.39 P/E ratio. 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.

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