LyondellBasell Industries NV (LYB) : Zacks Investment Research ranks LyondellBasell Industries NV (LYB) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 2.64, which indicates as a Hold.
LyondellBasell Industries NV (LYB) : The highest short term price target forecast on LyondellBasell Industries NV (LYB) is $115 and the lowest target price is $75. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $87.23 with a standard deviation of $11.95.
Company shares have received an average consensus rating of Hold for the current week 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 $74.73 and $74.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.63, notching a gain of 3.00% for the day. The total traded volume was 3,454,479 . The stock had closed at $74.40 on the previous day.
In a related news,The officer (SVP Research & Development) of Lyondellbasell Industries N.V., Covezzi Massimo sold 7,551 shares at $89.14 on April 26, 2016. The Insider selling transaction had a total value worth of $673,096. The Insider information was disclosed 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.