Covestro AG (ETR:1COV) has received an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is €90.67 ($105.43).
Several analysts have recently issued reports on 1COV shares. Goldman Sachs Group set a €73.00 ($84.88) price objective on Covestro and gave the company a “sell” rating in a research note on Monday, September 3rd. JPMorgan Chase & Co. set a €105.00 ($122.09) price objective on Covestro and gave the company a “buy” rating in a research note on Monday, October 1st. UBS Group set a €110.00 ($127.91) target price on Covestro and gave the company a “buy” rating in a report on Monday, August 20th. Barclays set a €87.00 ($101.16) target price on Covestro and gave the company a “neutral” rating in a report on Tuesday, August 28th. Finally, Commerzbank set a €110.00 ($127.91) target price on Covestro and gave the company a “buy” rating in a report on Monday, September 24th.
Shares of ETR 1COV opened at €57.56 ($66.93) on Wednesday. Covestro has a 12-month low of €61.95 ($72.03) and a 12-month high of €96.32 ($112.00).
Covestro Company Profile
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers 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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