Barclays analyst Michael Leithead maintained a Hold rating on LyondellBasell (LYB – Research Report) today and set a price target of $98.00. The company’s shares closed last Friday at $92.86.
Leithead covers the Basic Materials sector, focusing on stocks such as Olin, PPG Industries, and Sherwin-Williams Company. According to TipRanks, Leithead has an average return of 5.6% and a 58.99% success rate on recommended stocks.
In addition to Barclays, LyondellBasell also received a Hold from KeyBanc’s Aleksey Yefremov in a report issued today. However, on February 2, Wells Fargo maintained a Buy rating on LyondellBasell (NYSE: LYB).
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The company has a one-year high of $100.70 and a one-year low of $78.03. Currently, LyondellBasell has an average volume of 1.75M.
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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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