Credit Suisse Group set a €92.00 ($113.58) price target on Covestro (ETR:1COV) in a report issued on Friday morning. The firm currently has a neutral rating on the stock.
Other research analysts have also issued reports about the company. DZ Bank reiterated a buy rating on shares of Covestro in a report on Monday, January 29th. UBS set a €110.00 ($135.80) price target on Covestro and gave the stock a buy rating in a report on Monday, February 12th. Independent Research set a €94.00 ($116.05) price target on Covestro and gave the stock a neutral rating in a report on Friday, January 12th. Societe Generale set a €96.00 ($118.52) price target on Covestro and gave the stock a neutral rating in a report on Thursday, January 11th. Finally, Commerzbank set a €110.00 ($135.80) price target on Covestro and gave the stock a buy rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of €92.35 ($114.02).
Shares of 1COV stock opened at €80.82 ($99.78) on Friday. Covestro has a 12 month low of €61.95 ($76.48) and a 12 month high of €96.32 ($118.91).
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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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