Covestro AG (1COV) PT Set at €85.00 by UBS AG
Covestro AG (ETR:1COV) has been given a €85.00 ($98.84) target price by stock analysts at UBS AG in a research note issued on Monday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock.
Other equities research analysts have also issued research reports about the company. Jefferies Group LLC set a €86.00 ($100.00) target price on Covestro AG and gave the company a “buy” rating in a research note on Friday, May 26th. Deutsche Bank AG set a €83.00 ($96.51) target price on Covestro AG and gave the company a “buy” rating in a research note on Friday, June 2nd. Kepler Capital Markets set a €85.00 ($98.84) target price on Covestro AG and gave the company a “buy” rating in a research note on Friday, June 2nd. Finally, DZ Bank AG reiterated a “buy” rating on shares of Covestro AG in a research note on Thursday, July 6th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of €72.00 ($83.72).
Shares of Covestro AG (ETR:1COV) traded up 0.180% during trading on Monday, hitting €66.176. The stock had a trading volume of 175 shares. Covestro AG has a one year low of €41.66 and a one year high of €76.40. The stock’s 50-day moving average price is €64.96 and its 200-day moving average price is €68.34. The company has a market cap of €13.40 billion and a P/E ratio of 10.037.
WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/31/covestro-ag-1cov-pt-set-at-85-00-by-ubs-ag.html.
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.
Receive News & Ratings for Covestro AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro AG and related companies with MarketBeat.com's FREE daily email newsletter.