A statement released earlier today by Zacks Investment Research about LyondellBasell Industries NV (NYSE:LYB) ups the target price to $89.00
- Updated: October 8, 2016
Just yesterday LyondellBasell Industries NV (NYSE:LYB) traded -3.15% lower at $81.78. LyondellBasell Industries NV’s 50-day moving average is $78.77 and its 200-day moving average is $80.25. The last stock price is up 1.49% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,353,254 shares of LYB traded hands, up from an average trading volume of 3,159,430
Stating a potential upside of 0.09%, Zacks Investment Research increased the stock price target of LyondellBasell Industries NV (NYSE:LYB) to $89.00
Previously on Thursday September 22, 2016, Jefferies & Co released a statement about LyondellBasell Industries NV (NYSE:LYB) increased the target price from $84.00 to $88.00. At the time, this indicated a possible upside of 0.12%.
Recent Performance Chart
LyondellBasell Industries NV has 52 week low of $69.10 and a 52 week high of $97.20 with a PE ratio of 8.80 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 18 firms have reported on the stock. The consensus target price is $91.56 with 3 firms rating the stock a strong buy, 6 analysts rating the company a buy, ten analysts rating the company a hold, two analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
More About LyondellBasell Industries NV (NYSE:LYB)
LyondellBasell Industries N.V. is a global chemical company. The Company's segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins. Its O&P-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefins and specialty products, including polybutene-1 and polypropylene compounds. Its I&D segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol, and ethylene oxide and its derivatives. Its Refining segment refines high-sulfur crude oil and other crude oils, including gasoline and distillates. Its Technology segment develops and licenses chemical, polyolefin and other process technologies, and also develops, manufactures and sells polyolefin catalysts.
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