Covestro Aktiengesellschaft (ETR:1COV) has been assigned a €112.00 ($133.33) price objective by Kepler Capital Markets in a report released on Thursday, December 21st. The firm presently has a “buy” rating on the stock. Kepler Capital Markets’ price target suggests a potential upside of 23.40% from the stock’s previous close.
A number of other brokerages have also recently weighed in on 1COV. Deutsche Bank set a €85.00 ($101.19) price target on shares of Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research report on Wednesday, October 4th. UBS Group set a €95.00 ($113.10) price target on shares of Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research report on Thursday, December 7th. Independent Research set a €73.00 ($86.90) price target on shares of Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research note on Thursday, September 14th. Commerzbank set a €82.00 ($97.62) price objective on shares of Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Finally, Jefferies Group set a €91.00 ($108.33) price objective on shares of Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Covestro Aktiengesellschaft presently has a consensus rating of “Hold” and a consensus price target of €87.31 ($103.94).
Shares of Covestro Aktiengesellschaft (ETR 1COV) opened at €90.76 ($108.05) on Thursday. Covestro Aktiengesellschaft has a fifty-two week low of €61.95 ($73.75) and a fifty-two week high of €91.26 ($108.64). The company has a market cap of $18,380.00 and a price-to-earnings ratio of 11.73.
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About Covestro Aktiengesellschaft
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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