Baader Bank set a €48.00 ($55.81) price target on Covestro (ETR:1COV) in a report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
1COV has been the topic of several other research reports. UBS Group set a €54.00 ($62.79) price objective on shares of Covestro and gave the stock a neutral rating in a research note on Thursday, April 11th. Jefferies Financial Group set a €68.00 ($79.07) price objective on shares of Covestro and gave the stock a buy rating in a research note on Friday, March 1st. DZ Bank reaffirmed a sell rating on shares of Covestro in a research note on Wednesday, March 6th. Nord/LB set a €48.00 ($55.81) price objective on shares of Covestro and gave the stock a neutral rating in a research note on Thursday, January 24th. Finally, HSBC set a €52.00 ($60.47) price objective on shares of Covestro and gave the stock a neutral rating in a research note on Friday, March 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of €56.78 ($66.02).
Shares of 1COV opened at €48.06 ($55.88) on Monday. The company has a market capitalization of $9.14 billion and a PE ratio of 6.68. The company has a debt-to-equity ratio of 33.97, a quick ratio of 1.27 and a current ratio of 2.17. Covestro has a 12-month low of €41.42 ($48.16) and a 12-month 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.
Featured Article: Producer Price Index (PPI)
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.