Covestro (1COV) Given a €65.00 Price Target by UBS Group Analysts

UBS Group set a €65.00 ($75.58) target price on Covestro (ETR:1COV) in a research note published on Tuesday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.

Several other analysts have also commented on 1COV. Kepler Capital Markets set a €120.00 ($139.53) price objective on Covestro and gave the company a buy rating in a report on Thursday, July 26th. Commerzbank set a €100.00 ($116.28) price objective on Covestro and gave the company a buy rating in a report on Thursday, October 25th. Baader Bank set a €84.00 ($97.67) price objective on Covestro and gave the company a buy rating in a report on Monday, July 2nd. Deutsche Bank set a €80.00 ($93.02) price objective on Covestro and gave the company a buy rating in a report on Friday, October 26th. Finally, HSBC set a €107.00 ($124.42) price objective on Covestro and gave the company a buy rating in a report on Tuesday, July 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of €81.61 ($94.90).

Shares of 1COV opened at €60.16 ($69.95) on Tuesday. 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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Analyst Recommendations for Covestro (ETR:1COV)

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