RBC Capital analyst Arun Viswanathan maintained a Buy rating on LyondellBasell (LYB – Research Report) on January 12 and set a price target of $107.00. The company’s shares closed last Friday at $94.43.
According to TipRanks, Viswanathan is a 5-star analyst with an average return of 5.8% and a 58.33% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Quaker Chemical, and Celanese.
In addition to RBC Capital, LyondellBasell also received a Buy from Vertical Research’s Kevin McCarthy in a report issued on January 3. However, on January 10, Deutsche Bank downgraded LyondellBasell (NYSE: LYB) to a Hold.
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LYB market cap is currently $30.63B and has a P/E ratio of 13.54.
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LyondellBasell (LYB) Company Description:
LyondellBasell Industries N.V. is one of the world’s largest plastics, chemicals and refining companies. It is the world’s largest producer of polypropylene compounds as well as the largest licensor of polyolefin technologies. The company’s products are used across several industries including automotive parts, electronics, packaging, construction materials and biofuels.
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