LyondellBasell Industries NV (LYB) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 14 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 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 3, which is also a Hold. 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) stock is expected to deviate a maximum of $12.22 from the average target price of $88.77 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $115 and the most muted being $75.
Also, In the latest statement by the brokerage house, Susquehanna maintains its outlook on LyondellBasell Industries NV (NYSE:LYB). The current rating of the shares is Positive, according to the research report released by the firm. The brokerage firm raises the price target from $96 per share to $100 per share. The rating by the firm was issued on August 26, 2016.
LyondellBasell Industries NV (NYSE:LYB): After opening at $75.46, the stock dipped to an intraday low of $75.33 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $76.665 and the buying power remained strong till the end. The stock closed at $76.52 for the day, a gain of 1.40% for the day session. The total traded volume was 4,592,169. The stocks close on the previous trading day was $75.46.
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.