Kepler Capital Markets set a €96.00 ($112.94) price objective on Covestro AG (ETR:1COV) in a research note issued to investors on Wednesday, October 18th. The firm currently has a buy rating on the stock.
Other equities analysts also recently issued research reports about the stock. Independent Research GmbH set a €71.00 ($83.53) price target on shares of Covestro AG and gave the company a neutral rating in a report on Friday, June 30th. DZ Bank AG reiterated a buy rating on shares of Covestro AG in a report on Thursday, July 6th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price target on shares of Covestro AG and gave the company a sell rating in a report on Wednesday, June 21st. Baader Bank set a €70.00 ($82.35) target price on shares of Covestro AG and gave the company a neutral rating in a report on Thursday, June 29th. Finally, Morgan Stanley set a €70.00 ($82.35) target price on shares of Covestro AG and gave the company a neutral rating in a report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of €77.00 ($90.59).
Shares of Covestro AG (ETR 1COV) traded up 4.456% during midday trading on Wednesday, reaching €81.814. 2,701 shares of the company’s stock were exchanged. Covestro AG has a one year low of €53.01 and a one year high of €82.00. The firm has a market cap of €16.57 billion and a PE ratio of 12.409. The stock’s 50-day moving average is €71.55 and its 200 day moving average is €68.21.
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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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