Covestro AG (ETR:1COV) Given Average Rating of “Hold” by Analysts

Shares of Covestro AG (ETR:1COV) have received a consensus rating of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is €53.76 ($62.52).

A number of equities research analysts have weighed in on the company. Societe Generale reiterated a “hold” rating on shares of Daimler in a report on Tuesday, April 30th. Jefferies Financial Group boosted their price objective on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Barclays downgraded Buckeye Partners from an “overweight” rating to an “equal weight” rating in a report on Monday, May 13th. Baader Bank set a €42.00 ($48.84) price objective on Covestro and gave the company a “sell” rating in a report on Wednesday, July 3rd. Finally, HSBC set a €54.00 ($62.79) price objective on ADO Properties and gave the company a “neutral” rating in a report on Wednesday, May 29th.

1COV stock traded up €0.71 ($0.83) during mid-day trading on Friday, reaching €42.51 ($49.43). The company’s stock had a trading volume of 934,766 shares, compared to its average volume of 917,794. The company has a market capitalization of $7.80 billion and a P/E ratio of 5.91. The business’s 50 day moving average price is €42.26. 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 €38.43 ($44.69) and a 12 month 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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