Shares of Covestro AG (ETR:1COV) have received an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is €70.83 ($79.59).

Several equities analysts have commented on the stock. Kepler Capital Markets set a €90.00 ($101.12) target price on shares of Covestro AG and gave the company a “buy” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) set a €58.00 ($65.17) target price on shares of Covestro AG and gave the company a “sell” rating in a research note on Wednesday, June 21st. Baader Bank set a €53.00 ($59.55) target price on shares of Covestro AG and gave the company a “sell” rating in a research note on Thursday, June 8th. Deutsche Bank AG set a €83.00 ($93.26) target price on shares of Covestro AG and gave the company a “buy” rating in a research note on Friday, June 2nd. Finally, Jefferies Group LLC set a €86.00 ($96.63) target price on shares of Covestro AG and gave the company a “buy” rating in a research note on Friday, May 26th.

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Shares of Covestro AG (ETR:1COV) traded up 0.677% on Tuesday, reaching €66.598. 775 shares of the company’s stock traded hands. Covestro AG has a 52 week low of €37.00 and a 52 week high of €76.40. The firm has a market capitalization of €13.49 billion and a price-to-earnings ratio of 12.481. The company has a 50 day moving average price of €66.73 and a 200 day moving average price of €68.30.

Covestro AG Company Profile

Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.

Analyst Recommendations for Covestro AG (ETR:1COV)

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