Credit Agricole Initiates Coverage on LyondellBasell (LYB)

By admin | 6 years ago

Research analysts at Credit Agricole assumed coverage on shares of LyondellBasell (NYSE: LYB) in a report released on Tuesday. The firm set an “underperform” rating on the stock.

Shares of LyondellBasell opened at 39.26 on Tuesday. LyondellBasell has a one year low of $22.90 and a one year high of $46.39. The company has a market cap of $22.560 billion and a P/E ratio of 10.81.

LyondellBasell last issued its quarterly earnings data on Monday, April 30th. The company reported $1.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.05 by $0.01. LyondellBasell’s revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that LyondellBasell will post $0.00 earnings per share next quarter.

LYB has been the subject of a number of other recent research reports. Analysts at Credit Suisse (NYSE: CS) initiated coverage on shares of LyondellBasell in a research note to investors on Tuesday. They set an “outperform” rating and a $60.00 price target on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of LyondellBasell from $48.00 to $53.00 in a research note to investors on Wednesday, May 9th. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of LyondellBasell in a research note to investors on Tuesday, May 1st.

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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