Covestro Aktiengesellschaft (ETR:1COV) has been assigned a €94.00 ($111.90) price target by research analysts at Independent Research in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price would indicate a potential upside of 3.57% from the company’s current price.
A number of other equities analysts also recently commented on the company. Societe Generale set a €96.00 ($114.29) target price on Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research note on Thursday. UBS Group set a €95.00 ($113.10) target price on Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. set a €100.00 ($119.05) target price on Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Monday, January 8th. Deutsche Bank set a €100.00 ($119.05) target price on Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, Kepler Capital Markets set a €112.00 ($133.33) target price on Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €87.31 ($103.94).
Covestro Aktiengesellschaft (ETR:1COV) opened at €90.76 ($108.05) on Friday. Covestro Aktiengesellschaft has a 52 week low of €61.95 ($73.75) and a 52 week high of €91.26 ($108.64). The company has a market capitalization of $18,380.00 and a P/E 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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