Covestro AG (ETR:1COV) Receives €37.78 Consensus Target Price from Brokerages

Shares of Covestro AG (ETR:1COV) have been assigned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is €37.78 ($42.45).

A number of research analysts have recently commented on 1COV shares. Nord/LB set a €34.00 ($38.20) price objective on shares of Covestro and gave the company a “neutral” rating in a research note on Thursday, July 23rd. UBS Group set a €37.00 ($41.57) price objective on shares of Covestro and gave the company a “neutral” rating in a research note on Monday, July 27th. Deutsche Bank set a €45.00 ($50.56) target price on Covestro and gave the stock a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. set a €30.50 ($34.27) target price on Covestro and gave the stock a “neutral” rating in a report on Wednesday. Finally, Baader Bank set a €34.00 ($38.20) target price on Covestro and gave the stock a “sell” rating in a report on Monday, July 20th.

Shares of 1COV stock opened at €32.86 ($36.92) on Tuesday. The firm has a 50-day moving average price of €35.23 and a 200 day moving average price of €34.03. Covestro has a twelve month low of €23.54 ($26.45) and a twelve month high of €48.18 ($54.13). The company has a market capitalization of $6.01 billion and a price-to-earnings ratio of 15.28. The company has a current ratio of 2.11, a quick ratio of 1.31 and a debt-to-equity ratio of 44.14.

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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