Piper Sandler analyst Charles Neivert maintained a Buy rating on LyondellBasell (LYB – Research Report) today and set a price target of $117.00. The company’s shares closed last Friday at $92.86.
Neivert covers the Basic Materials sector, focusing on stocks such as Albemarle, Livent, and Celanese. According to TipRanks, Neivert has an average return of -2.4% and a 42.59% success rate on recommended stocks.
In addition to Piper Sandler, LyondellBasell also received a Buy from J.P. Morgan’s Jeffrey Zekauskas in a report issued today. However, on the same day, KeyBanc reiterated a Hold rating on LyondellBasell (NYSE: LYB).
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LYB market cap is currently $30.12B and has a P/E ratio of 14.27.
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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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