Citigroup Inc set a €80.00 ($94.12) price objective on Covestro AG (ETR:1COV) in a report issued on Wednesday morning. The firm currently has a neutral rating on the stock.
A number of other equities analysts have also recently weighed in on the stock. Independent Research GmbH set a €81.00 ($95.29) price objective on shares of Covestro AG and gave the company a neutral rating in a research report on Wednesday. Goldman Sachs Group, Inc. (The) set a €65.00 ($76.47) price objective on shares of Covestro AG and gave the company a neutral rating in a research report on Wednesday. Deutsche Bank AG set a €88.00 ($103.53) price objective on shares of Covestro AG and gave the company a buy rating in a research report on Wednesday. DZ Bank AG reissued a buy rating on shares of Covestro AG in a research report on Tuesday. Finally, Baader Bank set a €70.00 ($82.35) price objective on shares of Covestro AG and gave the company a neutral rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Covestro AG presently has a consensus rating of Hold and a consensus target price of €77.00 ($90.59).
Covestro AG (ETR:1COV) traded down 0.590% on Wednesday, hitting €78.324. The stock had a trading volume of 480 shares. The firm has a market cap of €15.86 billion and a price-to-earnings ratio of 11.880. The company’s 50-day moving average price is €70.66 and its 200 day moving average price is €68.04. Covestro AG has a one year low of €50.74 and a one year high of €80.24.
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About Covestro AG
Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.
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