LyondellBasell (LYB) Gets a Buy Rating from Barclays

By Ryan Adsit

Barclays analyst Duffy Fischer maintained a Buy rating on LyondellBasell (LYBResearch Report) yesterday and set a price target of $96.00. The company’s shares closed last Monday at $78.82.

According to TipRanks.com, Fischer is a 4-star analyst with an average return of 9.1% and a 54.2% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Element Solutions, and Venator Materials.

LyondellBasell has an analyst consensus of Moderate Buy, with a price target consensus of $99.88, which is a 27.5% upside from current levels. In a report issued on January 31, Alembic Global also maintained a Buy rating on the stock with a $120.00 price target.

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The company has a one-year high of $98.91 and a one-year low of $68.61. Currently, LyondellBasell has an average volume of 1.84M.

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LyondellBasell Industries NV operates as an independent chemical company, which engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International, Intermediates; and Derivatives; Refining; and Technology.