Evercore ISI Group Initiates Coverage On LyondellBasell Industries NV to Buy with Price Target $109

Evercore ISI Group Initiates Coverage On LyondellBasell Industries NV(LYB). In a research note issued to the investors, the brokerage major Announces the price-target to $109 per share. The shares have been rated Buy. The rating by the stock financial advisor at Evercore ISI Group was issued on Feb 14, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 10, 2017, Susquehanna said it Downgrades its rating on LyondellBasell Industries NV. The shares have been rated ‘Neutral’ by the firm.

LyondellBasell Industries NV (LYB) shares turned negative on Wednesdays trading session with the shares closing down -0.51 points or -0.54% at a volume of 22,44,402. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $94.79. The peak price level was also seen at $94.79 while the days lowest was $93.67. Finally the shares closed at $94.01. The 52-week high of the shares is $97.64 while the 52-week low is $69.82. According to the latest information available, the market cap of the company is $37,842 M.

LyondellBasell Industries NV(LYB) last announced its earnings results on Feb 3, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $7.747B. Analysts had an estimated revenue of $7.310B. Earnings per share were $1.94. Analysts had estimated an EPS of $2.21.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Jagjeet S. Bindra (director) sold 3,750 shares at $80.00 per share price.Also, On Apr 26, 2016, Massimo Covezzi (SVP Research & Development) sold 7,551 shares at $89.14 per share price.On Apr 26, 2016, Sergey Vasnetsov (SVP Strategic Planning) sold 3,127 shares at $89.89 per share price, according to the Form-4 filing with the securities and exchange commission.

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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