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.

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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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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