Covestro AG (ETR:1COV) has been assigned a €70.00 ($82.35) target price by research analysts at Baader Bank in a note issued to investors on Wednesday, October 18th. The firm presently has a “neutral” rating on the stock.
1COV has been the topic of a number of other reports. Kepler Capital Markets set a €90.00 ($105.88) price target on Covestro AG and gave the company a “buy” rating in a report on Tuesday, August 29th. Deutsche Bank AG restated a “buy” rating on shares of Covestro AG in a report on Friday, August 25th. Commerzbank Ag set a €75.00 ($88.24) price target on Covestro AG and gave the company a “neutral” rating in a report on Wednesday, September 13th. J P Morgan Chase & Co set a €60.00 ($70.59) price target on Covestro AG and gave the company a “sell” rating in a report on Thursday, September 28th. Finally, Jefferies Group LLC set a €86.00 ($101.18) price target on Covestro AG and gave the company a “buy” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €77.00 ($90.59).
Covestro AG (ETR:1COV) traded up 4.456% during mid-day trading on Wednesday, reaching €81.814. The company’s stock had a trading volume of 2,701 shares. Covestro AG has a 1-year low of €53.01 and a 1-year high of €82.00. The firm has a 50-day moving average of €71.55 and a 200 day moving average of €68.21. The firm has a market capitalization of €16.57 billion and a price-to-earnings ratio of 12.409.
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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.
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