Wall Street is positive on LyondellBasell Industries NV (LYB). On average, analysts give the stock a Buy rating. The average price target is $70.846, which means analysts expect the stock to increase by 3.03% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 28, which is better than 28% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With LyondellBasell Industries NV Stock Today?
LyondellBasell Industries NV (LYB) stock is down -1.76% while the S&P 500 has gained 0.16% as of 11:36 AM on Thursday, Sep 24. LYB is lower by -$1.23 from the previous closing price of $69.99 on volume of 940,316 shares. Over the past year the S&P 500 is higher by 8.61% while LYB is lower by -20.83%. LYB earned $6.07 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.34.