LyondellBasell Industries N.V. (NYSE:LYB)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Monday, Analyst Ratings Network reports. They currently have a $80.00 target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 18.13% from the stock’s previous close.
LyondellBasell Industries N.V. (NYSE: LYB) traded up 0.47% on Monday, hitting $67.72. LyondellBasell Industries N.V. has a 1-year low of $43.35 and a 1-year high of $71.33. The stock’s 50-day moving average is currently $67.49. The company has a market cap of $38.960 billion and a price-to-earnings ratio of 11.74.
LyondellBasell Industries N.V. (NYSE:LYB) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.60 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.62 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $11.30 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts predict that LyondellBasell Industries N.V. will post $6.13 earnings per share for the current fiscal year.
LYB has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of LyondellBasell Industries N.V. from $72.00 to $80.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of LyondellBasell Industries N.V. in a research note to investors on Tuesday, July 16th. They now have a $80.00 price target on the stock, up previously from $75.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of LyondellBasell Industries N.V. in a research note to investors on Wednesday, July 10th.
Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $68.92.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.