Covestro AG (1COV) Given a €73.00 Price Target at Independent Research GmbH
Covestro AG (ETR:1COV) has been assigned a €73.00 ($86.90) target price by equities researchers at Independent Research GmbH in a report issued on Thursday. The firm presently has a “neutral” rating on the stock.
Several other brokerages have also recently commented on 1COV. Kepler Capital Markets set a €90.00 ($107.14) target price on shares of Covestro AG and gave the stock a “buy” rating in a report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) set a €58.00 ($69.05) target price on shares of Covestro AG and gave the stock a “sell” rating in a report on Wednesday, June 21st. UBS AG set a €85.00 ($101.19) target price on shares of Covestro AG and gave the stock a “buy” rating in a report on Monday, June 12th. Baader Bank set a €53.00 ($63.10) target price on shares of Covestro AG and gave the stock a “sell” rating in a report on Thursday, June 8th. Finally, Deutsche Bank AG set a €83.00 ($98.81) price target on shares of Covestro AG and gave the stock a “buy” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Covestro AG currently has a consensus rating of “Hold” and a consensus target price of €72.60 ($86.43).
Covestro AG (ETR:1COV) opened at 67.951 on Thursday. The company has a 50-day moving average of €66.22 and a 200 day moving average of €67.70. The company has a market cap of €13.76 billion and a P/E ratio of 10.307. Covestro AG has a one year low of €42.70 and a one year high of €76.40.
Covestro AG 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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