Covestro AG (ETR:1COV) Given Average Recommendation of “Hold” by Brokerages

Shares of Covestro AG (ETR:1COV) have received a consensus rating of “Hold” from the nineteen brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is €45.89 ($53.36).

1COV has been the subject of several research analyst reports. Metzler set a €34.00 ($39.53) price objective on shares of Covestro and gave the company a “sell” rating in a research report on Tuesday, October 29th. Jefferies Financial Group set a €50.00 ($58.14) price objective on shares of Covestro and gave the company a “buy” rating in a research report on Wednesday, January 8th. Berenberg Bank set a €44.00 ($51.16) price objective on shares of Covestro and gave the company a “neutral” rating in a research report on Tuesday. Barclays set a €50.00 ($58.14) price objective on shares of Covestro and gave the company a “buy” rating in a research report on Tuesday. Finally, Goldman Sachs Group set a €51.00 ($59.30) price objective on shares of Covestro and gave the company a “buy” rating in a research report on Friday.

Shares of ETR 1COV traded up €0.31 ($0.36) during midday trading on Friday, reaching €40.90 ($47.56). The company’s stock had a trading volume of 1,444,122 shares, compared to its average volume of 917,794. The company has a debt-to-equity ratio of 34.70, a quick ratio of 1.25 and a current ratio of 2.26. Covestro has a fifty-two week low of €37.30 ($43.37) and a fifty-two week high of €55.78 ($64.86). The business’s 50 day moving average price is €41.64 and its two-hundred day moving average price is €42.64. The company has a market cap of $7.47 billion and a P/E ratio of 12.61.

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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