http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of LyondellBasell (NYSE: LYB) in a research report sent to investors on Monday morning.
“LyondellBasell Industries (LYB) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+ . The company’s strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins.”
,” the firm’s analyst wrote.
Shares of LyondellBasell traded up 2.96% during mid-day trading on Monday, hitting $62.57. LyondellBasell has a one year low of $35.97 and a one year high of $64.20. The stock’s 50-day moving average is currently $60.86. The company has a market cap of $35.997 billion and a P/E ratio of 12.36.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 18th. Investors of record on Monday, February 25th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, February 21st.
LYB has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a buy rating on shares of LyondellBasell in a research note to investors on Wednesday, February 13th. They now have a $70.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of LyondellBasell from $46.00 to $61.00 in a research note to investors on Friday, February 8th. They now have a neutral rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of LyondellBasell from $59.00 to $76.00 in a research note to investors on Wednesday, February 6th. They now have an overweight rating on the stock.
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