Covestro AG (1COV) Given Average Recommendation of “Hold” by Brokerages
Covestro AG (ETR:1COV) has been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is €71.67 ($84.31).
A number of equities research analysts recently commented on 1COV shares. Jefferies Group LLC set a €86.00 ($101.18) price target on Covestro AG and gave the company a “buy” rating in a research report on Friday, May 26th. Deutsche Bank AG set a €83.00 ($97.65) price target on Covestro AG and gave the company a “buy” rating in a research report on Friday, June 2nd. UBS AG set a €85.00 ($100.00) price target on Covestro AG and gave the company a “buy” rating in a research report on Tuesday, June 6th. Kepler Capital Markets set a €85.00 ($100.00) price target on Covestro AG and gave the company a “buy” rating in a research report on Friday, June 2nd. Finally, DZ Bank AG reissued a “buy” rating on shares of Covestro AG in a research report on Thursday, July 6th.
COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/08/18/covestro-ag-1cov-given-average-recommendation-of-hold-by-brokerages.html.
Covestro AG (ETR:1COV) traded up 2.093% during trading on Friday, hitting €67.473. 645 shares of the company traded hands. The firm has a market capitalization of €13.66 billion and a P/E ratio of 10.234. Covestro AG has a 12-month low of €41.66 and a 12-month high of €76.40. The stock has a 50-day moving average price of €65.22 and a 200-day moving average price of €68.29.
About Covestro AG
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.