In a report issued on July 29, Chris Parkinson from Mizuho Securities maintained a Buy rating on LyondellBasell (LYB – Research Report), with a price target of $132.00. The company’s shares closed last Tuesday at $85.47, close to its 52-week low of $82.14.
According to TipRanks.com, Parkinson is a 5-star analyst with an average return of 8.3% and a 58.5% success rate. Parkinson covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
The word on The Street in general, suggests a Hold analyst consensus rating for LyondellBasell with a $104.18 average price target, which is a 20.6% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $102.00 price target.
LyondellBasell’s market cap is currently $28.49B and has a P/E ratio of 5.30.
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LyondellBasell Industries N.V. is one of the world’s largest plastics, chemicals and refining companies. It is the world’s largest producer of polypropylene compounds as well as the largest licensor of polyolefin technologies. The company’s products are used across several industries including automotive parts, electronics, packaging, construction materials and biofuels.
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