UBS Group set a €51.00 ($59.30) price objective on Covestro (ETR:1COV) in a research report sent to investors on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also weighed in on 1COV. Baader Bank set a €84.00 ($97.67) target price on shares of Covestro and gave the stock a neutral rating in a research note on Wednesday, August 8th. Barclays set a €87.00 ($101.16) target price on shares of Covestro and gave the stock a neutral rating in a research report on Tuesday, August 28th. Goldman Sachs Group set a €73.00 ($84.88) target price on shares of Covestro and gave the stock a sell rating in a research report on Monday, September 3rd. JPMorgan Chase & Co. set a €105.00 ($122.09) target price on shares of Covestro and gave the stock a buy rating in a research report on Wednesday, September 5th. Finally, Independent Research set a €78.00 ($90.70) target price on shares of Covestro and gave the stock a neutral rating in a research report on Thursday, September 13th. Thirteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €70.79 ($82.31).
Shares of 1COV traded down €0.16 ($0.19) during mid-day trading on Thursday, reaching €45.55 ($52.97). The stock had a trading volume of 1,211,400 shares, compared to its average volume of 917,794. Covestro has a 52-week low of €61.95 ($72.03) and a 52-week 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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