LyondellBasell Industries NV (NYSE:LYB) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded LyondellBasell Industries NV (NYSE:LYB) to Hold in a statement released on Wednesday January 11, 2017.
On 12/29/2016, Cowen released a statement for LyondellBasell Industries NV (NYSE:LYB) upped the target price from $87.00 to $90.00. At the time, this indicated a possible upside of 0.04%.
Just yesterday LyondellBasell Industries NV (NYSE:LYB) traded 1.46% higher at $88.09. LyondellBasell Industries NV’s 50-day average is $87.86 and its two hundred day average is $80.67. With the last close up 9.27% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.04% over the date range. Volume of trade was down over the average, with 2,153,123 shares of LYB changing hands under the typical 2,974,080
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With a total market value of $0, LyondellBasell Industries NV has PE ratio of 9.81 with a one year low of $69.10 and a one year high of $93.75 .
A total of 18 analysts have reported on the stock. 3 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 10 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $91.56.
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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