Credit Suisse Group set a €53.00 ($61.63) price target on Covestro (ETR:1COV) in a research report report published on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also recently issued reports on 1COV. Kepler Capital Markets set a €57.00 ($66.28) target price on shares of Covestro and gave the company a buy rating in a research note on Monday, April 29th. 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, April 29th. 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. Societe Generale set a €50.00 ($58.14) price target on shares of Covestro and gave the company a neutral rating in a report on Tuesday. Finally, 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, April 29th. 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. The company currently has a consensus rating of Hold and a consensus price target of €56.78 ($66.02).
ETR:1COV opened at €48.33 ($56.20) on Tuesday. Covestro has a 1 year low of €41.42 ($48.16) and a 1 year high of €83.98 ($97.65). The company has a debt-to-equity ratio of 33.97, a current ratio of 2.17 and a quick ratio of 1.27. The company has a market capitalization of $9.24 billion and a PE ratio of 6.72.
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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