Options activity in LyondellBasell (LYB, Financial) has recently turned notably bullish, as evidenced by 2,113 call contracts trading, which is 1.5 times the anticipated volume. This activity has led to an increase in implied volatility, pushing it up by over four percentage points to 51.55%. The market shows particular interest in the September 25 $80 and $60 call options, where combined trading volume approaches 1,500 contracts.
The current Put/Call Ratio stands at a low 0.39, highlighting a significant tilt towards bullish sentiment. Investors are likely positioning themselves ahead of the company's earnings announcement, which is scheduled for April 25th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for LyondellBasell Industries NV (LYB, Financial) is $74.20 with a high estimate of $105.00 and a low estimate of $51.00. The average target implies an upside of 32.42% from the current price of $56.03. More detailed estimate data can be found on the LyondellBasell Industries NV (LYB) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, LyondellBasell Industries NV's (LYB, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for LyondellBasell Industries NV (LYB, Financial) in one year is $67.06, suggesting a upside of 19.69% from the current price of $56.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the LyondellBasell Industries NV (LYB) Summary page.
