Lanxess AG (OTCMKTS:LNXSF) has received an average rating of “Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company.
LNXSF has been the subject of a number of recent research reports. Warburg Research reiterated a “buy” rating on shares of Lanxess in a research note on Wednesday, May 6th. Kepler Capital Markets upgraded Lanxess to a “hold” rating in a research note on Tuesday, April 28th. UBS Group reiterated a “hold” rating on shares of Lanxess in a research note on Thursday, April 9th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Lanxess in a research note on Tuesday, March 24th. Finally, HSBC reiterated a “buy” rating on shares of Lanxess in a research note on Monday, April 6th.
Shares of LNXSF remained flat at $$53.60 on Friday. The stock had a trading volume of 10 shares, compared to its average volume of 1,046. The company’s 50-day moving average price is $51.96 and its 200-day moving average price is $54.24. Lanxess has a 52 week low of $28.34 and a 52 week high of $71.08.
LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals.
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