Covestro (1COV) Given a €54.00 Price Target at UBS Group

Covestro (ETR:1COV) received a €54.00 ($62.79) price objective from research analysts at UBS Group in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 10.77% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Goldman Sachs Group set a €48.00 ($55.81) target price on shares of Covestro and gave the company a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. set a €62.00 ($72.09) target price on shares of Covestro and gave the company a “buy” rating in a research report on Monday. Baader Bank set a €48.00 ($55.81) target price on shares of Covestro and gave the company a “sell” rating in a research report on Monday. Morgan Stanley set a €60.00 ($69.77) target price on shares of Covestro and gave the company a “buy” rating in a research report on Wednesday, April 10th. Finally, Deutsche Bank set a €64.00 ($74.42) target price on shares of Covestro and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of €56.78 ($66.02).

Shares of ETR 1COV opened at €48.75 ($56.69) on Monday. The stock has a market capitalization of $9.32 billion and a PE ratio of 5.15. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 22.57. Covestro has a 52 week low of €41.42 ($48.16) and a 52 week high of €83.98 ($97.65).

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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