LANXESS Aktiengesellschaft (OTCMKTS:LNXSF) Stock Price Down 9.9%

Shares of LANXESS Aktiengesellschaft (OTCMKTS:LNXSF – Get Rating) traded down 9.9% during trading on Monday . The company traded as low as $41.78 and last traded at $41.78. 210 shares were traded during trading, a decline of 55% from the average session volume of 469 shares. The stock had previously closed at $46.37.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group upgraded shares of LANXESS Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Sunday, November 27th. Morgan Stanley upgraded shares of LANXESS Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.29.

LANXESS Aktiengesellschaft Stock Down 9.9 %

The business’s fifty day moving average is $47.88 and its 200 day moving average is $39.85.

About LANXESS Aktiengesellschaft

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LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Consumer Protection, and Engineering Materials. The Advanced Intermediates segment comprises operational business areas that essentially manufacture standardized and high-volume products in capital-intensive and predominantly continuous production processes.