DZ Bank reiterated their sell rating on shares of Covestro (ETR:1COV) in a report released on Friday, Borsen Zeitung reports.
A number of other analysts also recently issued reports on the stock. Kepler Capital Markets set a €57.00 ($66.28) price target on shares of Covestro and gave the stock a buy rating in a report on Wednesday, March 13th. Baader Bank set a €48.00 ($55.81) price target on shares of Covestro and gave the stock a sell rating in a report on Monday, April 29th. Nord/LB set a €46.00 ($53.49) price target on shares of Covestro and gave the stock a neutral rating in a report on Tuesday, April 30th. Goldman Sachs Group restated a neutral rating on shares of Covestro in a report on Monday, March 25th. Finally, Jefferies Financial Group set a €62.00 ($72.09) price target on shares of Covestro and gave the stock a buy rating in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of €55.83 ($64.92).
1COV stock opened at €41.76 ($48.56) on Friday. The stock has a market capitalization of $7.98 billion and a price-to-earnings ratio of 5.80. The company has a debt-to-equity ratio of 33.57, a current ratio of 2.17 and a quick ratio of 1.27. Covestro has a 12 month low of €38.43 ($44.69) 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.
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