Short Term Price Target on LyondellBasell Industries NV (LYB)

LyondellBasell Industries NV (NYSE:LYB) : Average target price received by LyondellBasell Industries NV (NYSE:LYB) is $89.17 with an expected standard deviation of $12.43. The most aggressive target on the stock is $115, whereas the most downbeat target is $75. 12 financial analysts are currently covering the stock.

LyondellBasell Industries N.V. has lost 5.86% in the last five trading days and dropped 9.79% in the last 4 weeks. LyondellBasell Industries N.V. has dropped 13.38% during the last 3-month period . Year-to-Date the stock performance stands at -12.58%. Also, Major Brokerage house, JP Morgan downgrades its ratings on LyondellBasell Industries NV (NYSE:LYB). In the latest research report, JP Morgan lowers the target price from $100 per share to $80 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on June 23, 2016.

LyondellBasell Industries NV (NYSE:LYB) : The consensus on LyondellBasell Industries NV (NYSE:LYB) based on 13 analyst recommendation on the company stock is 2.62, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on LyondellBasell Industries NV (NYSE:LYB).

LyondellBasell Industries NV (NYSE:LYB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $74.51 and $73.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.42, notching a gain of 0.55% for the day. The total traded volume was 3,750,720 . The stock had closed at $74.01 on the previous day.

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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