Is It Too Late To Reassess LyondellBasell (LYB) After Its Rapid Share Price Rally
- If you are wondering whether LyondellBasell Industries is still attractively priced after recent moves in the share price, you are not alone.
- The stock last closed at US$67.11, with returns of 16.7% over the past 7 days, 17.5% over 30 days and 51.2% year to date, while the 1 year, 3 year and 5 year returns stand at a 3.7% decline, 7.6% decline and 13.0% decline respectively.
- Recent news around LyondellBasell has focused on the business and the broader chemicals sector, offering useful context for these mixed short and longer term returns. This backdrop helps frame the question of whether the current share price reflects the company’s fundamentals or if sentiment is doing more of the heavy lifting.
- On Simply Wall St’s valuation…
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