RBC Capital Cuts LYB Price Target to $68

RBC Capital has reiterated its Outperform rating on LyondellBasell Industries N.V. (NYSE: LYB) with a new price target of $68.0 on October 13, 2026. This is a decrease from the previous target of $72.0. The shares recently traded at $63.83, which is about 6.1% below the updated target price.

Other Institutional Activity in LyondellBasell

Several other institutional investors have also shown interest in LyondellBasell. Blackrock Inc. holds about 29.3 million shares valued at approximately $1.88 billion after increasing its stake by about 4.2 million shares. Vanguard Capital Management LLC owns around 16.9 million shares worth about $1.08 billion, with a slight increase of 122,349 shares. State Street Corporation has 14.7 million shares valued at $943.2 million after adding approximately 1.2 million shares.

LyondellBasell Industries N.V. Stock Up 3.1%

As of October 16, 2026, LyondellBasell shares are trading at $63.83, which is below the new analyst target of $68.0. The stock has been under pressure, especially after RBC Capital's downgrade of its target. The company's recent performance, including a revenue growth of 19.8%, suggests potential for recovery.

Recent Earnings

LyondellBasell reported a trailing twelve-month revenue of about $31.2 billion, but it also recorded a net margin of -1.1% and an EPS of -0.83. The company is scheduled to announce its next earnings on October 30, 2026, which will be closely watched by investors.

Insider Buying and Selling at LyondellBasell Industries N.V.

Insider activity includes a sale by L.L.C. Ai Investments Holdings of 385,390 shares valued at around $26.3 million on March 9, 2026. Officer Jeffrey A Kaplan sold 10,000 shares at an average price of $74.16 on May 13, 2026, totaling about $741,573.

Analysts Set New Price Targets

On the same day as RBC Capital's announcement, Barclays initiated coverage with an Equal-Weight rating and a target of $66.0. Earlier, on September 30, Citigroup downgraded its rating to Neutral with a target of $63.0, down from $72.0. The consensus among analysts shows a cautious outlook for LyondellBasell, reflecting the recent market conditions.

About LyondellBasell Industries N.V.

LyondellBasell Industries N.V. is a major player in the chemical industry, operating globally with a focus on producing various chemicals and plastics. The company is divided into several segments, including Olefins and Polyolefins and Advanced Polymer Solutions. Its performance is closely tied to global demand for chemicals and materials, making analyst ratings and market movements particularly relevant.

Bottom Line

Investors should keep an eye on LyondellBasell's upcoming earnings report on October 30, 2026, as it may provide insights into the company's recovery prospects. With RBC Capital's updated price target and other analysts' views, the stock remains a focal point in the specialty chemicals sector.