Covestro (ETR:1COV) received a €90.00 ($111.11) target price from research analysts at Baader Bank in a research report issued on Tuesday. The brokerage presently has a “neutral” rating on the stock. Baader Bank’s target price would suggest a potential upside of 2.95% from the company’s previous close.
A number of other research firms also recently commented on 1COV. DZ Bank restated a “buy” rating on shares of Covestro in a report on Monday, January 29th. Credit Suisse Group set a €94.00 ($116.05) price objective on Covestro and gave the stock a “neutral” rating in a report on Friday, January 26th. UBS Group set a €110.00 ($135.80) price objective on Covestro and gave the stock a “buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. set a €100.00 ($123.46) price objective on Covestro and gave the stock a “buy” rating in a report on Monday, January 15th. Finally, Commerzbank set a €100.00 ($123.46) price objective on Covestro and gave the stock a “buy” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of €89.76 ($110.82).
Shares of Covestro (ETR 1COV) opened at €87.42 ($107.93) on Tuesday. The company has a market capitalization of $17,770.00 and a price-to-earnings ratio of 11.29. Covestro has a twelve month low of €61.95 ($76.48) and a twelve month high of €96.32 ($118.91).
Covestro Company Profile
Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets 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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