LyondellBasell Industries NV (LYB) Receives Price Target

LyondellBasell Industries NV (LYB) : The highest level LyondellBasell Industries NV (LYB) is projected to reach is $115 for the short term and the lowest estimate is at $75. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $88.77 and the possibility the share price can swing is $12.22.

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.


Also, Equity analysts at the Brokerage firm Susquehanna maintains its rating on LyondellBasell Industries NV (NYSE:LYB). The rating major has initiated the coverage with positive rating on the shares. The Analysts at Susquehanna 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): The stock opened at $78.87 on Thursday but the bulls could not build on the opening and the stock topped out at $79.27 for the day. The stock traded down to $78.22 during the day, due to lack of any buying support eventually closed down at $78.48 with a loss of -0.52% for the day. The stock had closed at $78.89 on the previous day. The total traded volume was 2,415,851 shares.

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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