Alembic Global analyst Hassan Ahmed maintained a Buy rating on LyondellBasell on Tuesday, setting a price target of $120, which is approximately 17.36% above the present share price of $102.25.
Ahmed expects LyondellBasell to post earnings per share (EPS) of $3.19 for the third quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in LyondellBasell, with an average price target of $124.17.
The analysts price targets range from a high of $142 to a low of $107.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $9.08 billion and a net profit of $1.09 billion. The company's market cap is $34.19 billion.
According to TipRanks.com, Alembic Global analyst Hassan Ahmed is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.4% and a 50.16% success rate.
LyondellBasell Industries (NYSE:LYB) N.V. is one of the world’s largest plastics, chemicals and refining companies. It is the world's largest producer of polypropylene compounds as well as the largest licensor of polyolefin technologies. The company’s products are used across several industries including automotive parts, electronics, packaging, construction materials and biofuels.