LyondellBasell Industries NV (LYB) : Analyst Rating Update

LyondellBasell Industries NV (LYB) has an average broker rating of 2.62, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

LyondellBasell Industries NV (LYB) : Average target price received by LyondellBasell Industries NV (LYB) is $89.17 with an expected standard deviation of $12.43. The most aggressive target on the stock is $115, whereas the most downbeat target is $75. 12 financial analysts are currently covering the stock.

LyondellBasell Industries NV (NYSE:LYB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.71 and $71.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.11, notching a gain of 0.36% for the day. The total traded volume was 4,557,770 . The stock had closed at $72.85 on the previous day.

Also, In the latest statement by the brokerage house, RBC Capital downgrades its outlook on LyondellBasell Industries NV (NYSE:LYB). The current rating of the shares is Sector Perform, according to the research report released by the firm. The rating by the firm was issued on June 27, 2016. The company shares have dropped -23.37% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $101.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $79.14 and the 200 Day Moving Average price is recorded at $81.69.

LyondellBasell Industries N.V. (LyondellBasell) is a global, independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. Its OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin. Its OandP-EAI segment produces and markets olefins, including ethylene and ethylene co-products, polyolefin and specialty products, including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives, acetyls, including methanol and ethylene oxide. Its Refining segment refines heavy, high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

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