DZ Bank Reiterates “Sell” Rating for Covestro (1COV)

DZ Bank restated their sell rating on shares of Covestro (ETR:1COV) in a research report report published on Wednesday morning, Borsen Zeitung reports.

Several other research firms also recently commented on 1COV. Goldman Sachs Group set a €48.00 ($55.81) target price on Covestro and gave the stock a neutral rating in a report on Thursday, April 4th. UBS Group set a €54.00 ($62.79) target price on Covestro and gave the stock a neutral rating in a report on Thursday, April 11th. Morgan Stanley set a €60.00 ($69.77) target price on Covestro and gave the stock a buy rating in a report on Wednesday, April 10th. Baader Bank set a €48.00 ($55.81) target price on Covestro and gave the stock a sell rating in a report on Thursday, April 11th. Finally, Deutsche Bank set a €64.00 ($74.42) target price on Covestro and gave the stock a buy rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Covestro has a consensus rating of Hold and an average price target of €56.78 ($66.02).

Covestro stock opened at €43.85 ($50.99) on Wednesday. The company has a debt-to-equity ratio of 33.57, 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). The firm has a market capitalization of $8.38 billion and a price-to-earnings ratio of 6.09.

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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