Covestro (1COV) Stock Rating Reaffirmed by Citigroup

Covestro (ETR:1COV)‘s stock had its “neutral” rating reissued by equities researchers at Citigroup in a report released on Wednesday.

1COV has been the topic of a number of other research reports. Kepler Capital Markets set a €96.00 ($118.52) price objective on shares of Covestro and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Societe Generale set a €80.00 ($98.77) price objective on shares of Covestro and gave the stock a “neutral” rating in a research report on Friday, December 1st. UBS Group set a €110.00 ($135.80) price objective on shares of Covestro and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Baader Bank set a €70.00 ($86.42) price objective on shares of Covestro and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. set a €100.00 ($123.46) price objective on shares of Covestro and gave the stock a “buy” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €89.76 ($110.82).

Covestro (ETR 1COV) opened at €89.06 ($109.95) on Wednesday. Covestro has a 12-month low of €61.95 ($76.48) and a 12-month high of €96.32 ($118.91). The stock has a market cap of $18,030.00 and a P/E ratio of 11.51.

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Covestro 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.

Analyst Recommendations for Covestro (ETR:1COV)

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