LyondellBasell Industries NV (NYSE:LYB) does about 2.02M shares in volume on a normal day but saw 2027307 shares change hands in Friday trading. The company now has a market cap of 32.78B USD. Its current market price is $100.74, marking an increase of 1.35% compared to the previous close of $99.40. The 52 week high reached by this stock is $106.69 whilst the lowest price level in 52 weeks is $84.80.
LyondellBasell Industries NV (LYB) has a 20-day trading average at $102.26 and the current price is -5.58% off the 52-week high compared with 18.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $100.22 and its 200-day simple moving average is $96.19. If we look at the stock’s price movements over the week, volatility stands at 1.79%, which decreases to 1.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 47.77 to suggest the stock is neutral.
The consensus objective for the share price is $103.82, suggesting that the stock has a potential upside of 2.97% over the period.
JP Morgan upgraded the stock to “Overweight” from Neutral on February 05, 2024 at a price target of $95-$100. Deutsche Bank downgraded its price target at $105.
LyondellBasell Industries NV (LYB) stock is down -0.78% over the week and -1.52% over the past month. Its price is 5.95% year-to-date and 4.52% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of $1.39 above consensus estimates by $0.08. LYB’s earnings per share are forecast to shrink by -5.90% this year and 19.20% over next year. Expected sales for next quarter are $10.35 billion, which analysts say will come at $40.91 billion for the current fiscal year and next year at $35.34 billion. In addition, estimates put the company’s current quarterly revenue at an average of $9.73 billion.
To reach the target analysts have set, the stock logically needs to grow 2.97 percent from here.
The company has a return on investment of 8.54% and return on equity of 16.59%. The price to earnings ratio (P/E ratio) amounts to 15.58 while the forward price to earnings ratio is 10.18. The beta has a value of 1.16. Price to book ratio is 2.53 and price to sales ratio is 0.80.
