Barclays Capital Reiterates Overweight on LyondellBasell (LYB)

By admin | 7 years ago

LyondellBasell (NYSE: LYB)‘s stock had its “overweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Tuesday.

Shares of LyondellBasell opened at 42.86 on Tuesday. LyondellBasell has a 52 week low of $22.90 and a 52 week high of $46.39. The company has a market cap of $24.589 billion and a P/E ratio of 11.46.

The company last announced its quarterly results on Monday, April 30th. It reported $1.04 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.05 EPS by $0.01. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that LyondellBasell will post $0.00 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of LyondellBasell in a research note to investors on Wednesday, April 4th. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group (NYSE: JEF) raised their EPS on shares of LyondellBasell in a research note to investors on Thursday, March 29th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of LyondellBasell to $48.00 in a research note to investors on Monday, February 13rd.

LyondellBasell Industries NV is a Netherlands-based company engaged in the chemical industry. The Company products are divided into four sections: Olefins and Polyefins, Intermediates and Derivatives,Refining and Oxyfuels and Technology.

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