Shares of LyondellBasell Industries NV Class A (Netherlands) (NYSE:LYB) traded today at $117.13, eclipsing its 52-week high. Approximately 216,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
Based on a current price of $115.97, LyondellBasell Industries NV Class A (Netherlands) is currently 38.9% above its average consensus analyst price target of $70.81.
LyondellBasell Industries NV is a petrochemical producer with operations in the U.S. and Europe. It operates in six segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Advanced Polymer Solutions (APS), Refining and Technology. The company is a major producer of polyethylene, the world’s largest producer of polypropylene, and the second- largest producer of propylene oxide. Its chemicals are used in various consumer and industrial end products. Substantially, all of the company’s revenue is derived from product sales.
In the past 52 weeks, LyondellBasell Industries NV Class A (Netherlands) share prices are bracketed by a low of $60.04 and a high of $117.13 and is now at $115.97, 93% above that low price.
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