Analyst Rating Update on LyondellBasell Industries NV (LYB)

LyondellBasell Industries NV (LYB) has an average broker rating of 2.64, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

LyondellBasell Industries NV (LYB) : 13 Wall Street analysts covering LyondellBasell Industries NV (LYB) believe that the average level the stock could reach for the short term is $88.31. The maximum price target given is $115 and the minimum target for short term is around $75, hence the standard deviation is calculated at $12.01.

Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains its view on LyondellBasell Industries NV (NYSE:LYB) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup lowers the price target from $96 per share to $81 per share on LyondellBasell Industries NV. The rating by the firm was issued on July 15, 2016.


LyondellBasell Industries NV (NYSE:LYB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.06 and $71.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.56, notching a gain of 2.21% for the day. The total traded volume was 2,898,411 . The stock had closed at $71.97 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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