Goldman Sachs Group Reiterates €48.00 Price Target for Covestro (ETR:1COV)

Goldman Sachs Group set a €48.00 ($55.81) target price on Covestro (ETR:1COV) in a report published on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on 1COV. Baader Bank set a €42.00 ($48.84) price target on Covestro and gave the company a sell rating in a report on Tuesday. Credit Suisse Group set a €46.50 ($54.07) price target on Covestro and gave the company a neutral rating in a report on Thursday, July 25th. HSBC set a €45.00 ($52.33) price target on Covestro and gave the company a neutral rating in a report on Wednesday, May 29th. UBS Group set a €45.00 ($52.33) price target on Covestro and gave the company a neutral rating in a report on Monday, August 5th. Finally, Morgan Stanley set a €55.00 ($63.95) price target on Covestro and gave the company a buy rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of €51.81 ($60.24).

Shares of ETR:1COV opened at €37.95 ($44.13) on Tuesday. Covestro has a 1-year low of €38.41 ($44.66) and a 1-year high of €80.16 ($93.21). The company has a debt-to-equity ratio of 43.09, a current ratio of 2.02 and a quick ratio of 1.17. The business has a fifty day moving average price of €41.81 and a 200-day moving average price of €45.97. The company has a market capitalization of $6.93 billion and a PE ratio of 7.46.

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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Analyst Recommendations for Covestro (ETR:1COV)

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