Barclays Capital (BCS) Analysts Initiate Coverage on LyondellBasell (LYB)
Wednesday, August 31, 2021 9:35 AM

Equities research analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of LyondellBasell (NYSE: LYB) in a research note to investors on Wednesday. The analysts set an "overweight" rating on the stock.

Separately, analysts at Goldman Sachs (NYSE: GS) downgraded shares of LyondellBasell from a "neutral" rating to a "sell" rating in a research note to investors on Friday, August 12nd. Also, analysts at UBS AG (NYSE: UBS) raised their EPS on shares of LyondellBasell in a research note to investors on Monday, August 1st. They now have a "buy" rating and a $47.00 price target on the stock. They previously had a "sell" rating on the stock.

Shares of LyondellBasell opened at 34.06 on Thursday. LyondellBasell has a 52 week low of $20.22 and a 52 week high of $48.12. The stock's 50-day moving average is $34.8 and its 200-day moving average is $38.62. The company has a market cap of $19.329 billion and a price-to-earnings ratio of 7.19.

LyondellBasell last announced its quarterly results on Friday, July 29th. The company reported $1.38 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $1.38 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that LyondellBasell will post $0.00 EPS next quarter.

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