Covestro (1COV) PT Set at €65.00 by UBS Group

Covestro (ETR:1COV) has been given a €65.00 ($75.58) price objective by investment analysts at UBS Group in a research report issued to clients and investors on Wednesday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 35.02% from the company’s current price.

Several other analysts also recently issued reports on 1COV. Goldman Sachs Group set a €69.00 ($80.23) price objective on shares of Covestro and gave the company a “sell” rating in a research report on Tuesday, July 24th. 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 Thursday, July 26th. Societe Generale set a €85.00 ($98.84) price objective on shares of Covestro and gave the company a “neutral” rating in a research report on Thursday, July 26th. Independent Research set a €86.00 ($100.00) price objective on shares of Covestro and gave the company a “neutral” rating in a research report on Thursday, July 26th. Finally, Nord/LB set a €88.00 ($102.33) price objective on shares of Covestro and gave the company a “neutral” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €76.72 ($89.21).

Shares of ETR:1COV opened at €48.14 ($55.98) on Wednesday. Covestro has a 52-week low of €61.95 ($72.03) and a 52-week high of €96.32 ($112.00).

About Covestro

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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