LANXESS AG : The mid-term trend could accelerate in few sessions
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
€60.21 | €0 | €55.35 | -100% |
The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.71x for the current year.
Lanxess is in bullish trend in the medium and long term. The moving averages are well-oriented on all time scales. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions.
Consequently, we expect a decline toward EUR 57.4 (100-day moving average). The most active investors can buy the share in this area and target a return toward EUR 67.5. A stop loss can be placed under the EUR 57.4 support.