DZ Bank AG Reaffirms Buy Rating for Covestro AG (1COV)

DZ Bank AG reiterated their buy rating on shares of Covestro AG (ETR:1COV) in a report published on Tuesday.

1COV has been the topic of a number of other reports. UBS Group AG set a €85.00 ($100.00) target price on Covestro AG and gave the company a buy rating in a research report on Tuesday, July 25th. Kepler Capital Markets set a €96.00 ($112.94) target price on Covestro AG and gave the company a buy rating in a research report on Tuesday. Commerzbank Ag set a €78.00 ($91.76) target price on Covestro AG and gave the company a neutral rating in a research report on Tuesday, July 25th. J P Morgan Chase & Co set a €60.00 ($70.59) target price on Covestro AG and gave the company a sell rating in a research report on Tuesday. Finally, Baader Bank set a €70.00 ($82.35) target price on Covestro AG and gave the company a neutral rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of €77.00 ($90.59).

Covestro AG (ETR:1COV) opened at 80.569 on Tuesday. The firm has a 50-day moving average of €70.66 and a 200 day moving average of €68.04. The stock has a market capitalization of €16.32 billion and a price-to-earnings ratio of 12.220. Covestro AG has a 52 week low of €50.74 and a 52 week high of €80.57.

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Covestro AG Company Profile

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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