RBC Capital analyst Arun Viswanathan maintained a Buy rating on LyondellBasell (LYB – Research Report) on December 20 and set a price target of $108.00. The company’s shares closed yesterday at $96.44.
According to TipRanks, Viswanathan is a 5-star analyst with an average return of 5.9% and a 61.17% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Albemarle, Quaker Chemical, and LyondellBasell.
In addition to RBC Capital, LyondellBasell also received a Buy from Wells Fargo’s Michael Sison in a report issued on December 14. However, on December 13, Citi downgraded LyondellBasell (NYSE: LYB) to a Hold.
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LYB market cap is currently $31.09B and has a P/E ratio of 13.74.
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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.
Read More on LYB:
- Dividend Stocks: 4 To Choose for 2024
- LyondellBasell just downgraded at Citi, here’s why
- LyondellBasell price target lowered by $8 at RBC Capital, here’s why
- LyondellBasell Announces Sale of Ethylene Oxide & Derivatives Business and Production Facility to INEOS
- LyondellBasell to sell EO&D business, facility to Ineos Oxide for $700M
