Covestro Aktiengesellschaft (1COV) Given a €100.00 Price Target at JPMorgan Chase & Co.

Covestro Aktiengesellschaft (ETR:1COV) received a €100.00 ($119.05) price objective from equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 8.70% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Commerzbank set a €100.00 ($119.05) price objective on shares of Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Friday. Independent Research set a €94.00 ($111.90) price objective on shares of Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research note on Friday. Societe Generale set a €96.00 ($114.29) price objective on shares of Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research note on Thursday. UBS Group set a €95.00 ($113.10) price objective on shares of Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Monday, January 8th. Finally, Deutsche Bank set a €100.00 ($119.05) price objective on shares of Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €87.31 ($103.94).

Covestro Aktiengesellschaft (ETR:1COV) traded up €1.24 ($1.48) during trading on Monday, reaching €92.00 ($109.52). The company’s stock had a trading volume of 4,468,265 shares, compared to its average volume of 614,474. Covestro Aktiengesellschaft has a one year low of €61.95 ($73.75) and a one year high of €91.26 ($108.64). The stock has a market capitalization of $18,380.00 and a P/E ratio of 11.89.

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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.

Analyst Recommendations for Covestro Aktiengesellschaft (ETR:1COV)

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