Covestro (ETR:1COV) Given a €48.00 Price Target at Baader Bank

Baader Bank set a €48.00 ($56.47) price target on Covestro (ETR:1COV) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on 1COV. Kepler Capital Markets set a €54.00 ($63.53) price objective on shares of Covestro and gave the stock a buy rating in a research note on Tuesday, October 13th. Independent Research set a €45.00 ($52.94) price objective on shares of Covestro and gave the stock a neutral rating in a research note on Tuesday, October 13th. UBS Group set a €37.00 ($43.53) price objective on shares of Covestro and gave the stock a sell rating in a research note on Tuesday, October 13th. Berenberg Bank set a €36.00 ($42.35) price objective on shares of Covestro and gave the stock a neutral rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group set a €55.00 ($64.71) price objective on shares of Covestro and gave the stock a buy rating in a research note on Wednesday, October 7th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of €45.87 ($53.96).

1COV stock opened at €44.44 ($52.28) on Thursday. The company has a quick ratio of 1.88, a current ratio of 2.83 and a debt-to-equity ratio of 63.67. The company has a market capitalization of $8.13 billion and a price-to-earnings ratio of 53.48. Covestro has a 12 month low of €23.54 ($27.69) and a 12 month high of €48.18 ($56.68). The firm has a 50 day moving average of €43.45 and a two-hundred day moving average of €35.51.

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.

Read More: Why do companies engage in swaps?

Analyst Recommendations for Covestro (ETR:1COV)

Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.