Will the Recent Credit Suisse Group Downgrade Hurt LANXESS (ETR:LXS) Shares This Week?


LANXESS (ETR:LXS) Receives a Downgrade

Trading for shares of LANXESS (ETR:LXS) will be very interesting to watch, as Credit Suisse Group downgraded the rating for the stock to a Underperform. In addition to the ratings downgrade, Credit Suisse Group analysts have given the shares a target price per share of EUR 43.50 which is -8.84% higher than before.

From a total of 19 analysts covering LANXESS (ETR:LXS) stock, 9 rate it a ”Buy”, 4 a “Sell”, and 6 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 12.72% above today’s (€47.71) stock price. LANXESS was the topic of 43 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. HSBC maintained shares on November 26 with “Hold” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €60 target share price in a report from a November 10. Warburg Research maintained LXS stock in a recent report from November 17 with “Hold” rating. Independent Research upgraded the rating on November 6. Independent Research has a “Buy” rating and a €59 price target on shares. Finally, Citigroup upgraded the stock to “Buy” rating in a report issued on a November 10.

The stock increased 0.58% or EUR 0.27 on November 26, striking EUR 47.71. Approximately 285,909 shares of stock traded hands. Lanxess AG (ETR:LXS) has declined 0.33% since March 27, 2015 and is downtrending. It has outperformed by 1.03% the S&P500.

 Will the Recent Credit Suisse Group Downgrade Hurt LANXESS (ETR:LXS) Shares This Week?

Lanxess AG is a Germany-based chemical holding company. The company has a market cap of 4.37 billion EUR. The Company’s activities are divided into three main divisions. It has 53.25 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.