Baader Bank set a €66.00 ($76.74) target price on Covestro (ETR:1COV) in a report published on Monday morning. The brokerage currently has a neutral rating on the stock.
1COV has been the topic of several other reports. Goldman Sachs Group set a €53.00 ($61.63) price target on shares of Covestro and gave the stock a sell rating in a research report on Monday, October 22nd. Barclays set a €87.00 ($101.16) price target on shares of Covestro and gave the stock a neutral rating in a research report on Tuesday, August 28th. Kepler Capital Markets set a €120.00 ($139.53) price objective on shares of Covestro and gave the company a buy rating in a research report on Wednesday, October 10th. HSBC set a €107.00 ($124.42) price objective on shares of Covestro and gave the company a buy rating in a research report on Monday, July 16th. Finally, Independent Research set a €78.00 ($90.70) price objective on shares of Covestro and gave the company a neutral rating in a research report on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of €81.61 ($94.90).
ETR 1COV opened at €58.42 ($67.93) on Monday. Covestro has a 1 year low of €61.95 ($72.03) and a 1 year 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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