Societe Generale Reiterates “€50.00” Price Target for Covestro (1COV)

Covestro (ETR:1COV) received a €50.00 ($58.14) target price from equities researchers at Societe Generale in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Societe Generale’s price target suggests a potential upside of 3.97% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Kepler Capital Markets set a €57.00 ($66.28) price target on shares of Covestro and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group set a €62.00 ($72.09) price target on shares of Covestro and gave the company a “buy” rating in a report on Monday. Deutsche Bank set a €64.00 ($74.42) price target on shares of Covestro and gave the company a “buy” rating in a report on Tuesday, April 2nd. Baader Bank set a €48.00 ($55.81) price target on shares of Covestro and gave the company a “sell” rating in a report on Monday. Finally, UBS Group set a €54.00 ($62.79) price target on shares of Covestro and gave the company a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. Covestro presently has a consensus rating of “Hold” and an average price target of €56.78 ($66.02).

ETR 1COV opened at €48.09 ($55.92) on Tuesday. The company has a current ratio of 2.17, a quick ratio of 1.27 and a debt-to-equity ratio of 33.97. The stock has a market cap of $9.14 billion and a price-to-earnings ratio of 6.68. Covestro has a one year low of €41.42 ($48.16) and a one year high of €83.98 ($97.65).

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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