Price Target Update on LyondellBasell Industries NV (NYSE:LYB)

LyondellBasell Industries NV (NYSE:LYB) : Average target price received by LyondellBasell Industries NV (NYSE:LYB) is $91 with an expected standard deviation of $12.59. The most aggressive target on the stock is $115, whereas the most downbeat target is $75. 11 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Cowen & Company, downgrades their rating on the shares of LyondellBasell Industries NV (NYSE:LYB). Cowen & Company has a Market Perform rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 13, 2016.

LyondellBasell Industries NV (NYSE:LYB): stock turned positive on Thursday. Though the stock opened at $78.63, the bulls momentum made the stock top out at $79.62 level for the day. The stock recorded a low of $78.09 and closed the trading day at $79.05, in the green by 0.10%. The total traded volume for the day was 3,999,803. The stock had closed at $78.97 in the previous days trading.

The company shares have dropped -25.59% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $106.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $80.94 and the 200 Day Moving Average price is recorded at $82.58. On the companys insider trading activities, Covezzi Massimo, officer (SVP Research & Development) of Lyondellbasell Industries N.V., unloaded 7,551 shares at an average price of $89.14 on April 26, 2016. The total amount of the transaction was worth $673,096, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

LyondellBasell Industries N.V. (LyondellBasell) is a global, independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. Its OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin. Its OandP-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefin and specialty products, including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol and ethylene oxide. Its Refining segment refines heavy, high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

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