Covestro AG (1COV) PT Set at €65.00 by Goldman Sachs Group, Inc. (The)
Covestro AG (ETR:1COV) has been given a €65.00 ($77.38) price target by research analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Friday. The brokerage presently has a “neutral” rating on the stock.
Several other equities research analysts have also commented on the stock. HSBC Holdings plc set a €55.00 ($65.48) price target on shares of Covestro AG and gave the company a “sell” rating in a report on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($102.38) price target on shares of Covestro AG and gave the company a “buy” rating in a report on Friday, May 26th. Kepler Capital Markets set a €90.00 ($107.14) price target on shares of Covestro AG and gave the company a “buy” rating in a report on Tuesday, August 29th. Morgan Stanley set a €70.00 ($83.33) price target on shares of Covestro AG and gave the company a “neutral” rating in a report on Thursday, June 29th. Finally, Deutsche Bank AG set a €83.00 ($98.81) price target on shares of Covestro AG and gave the company a “buy” rating in a report on Saturday, May 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €73.07 ($86.98).
Covestro AG (1COV) traded up 1.233% on Friday, reaching €69.801. The company had a trading volume of 2,962 shares. The stock’s 50-day moving average is €66.38 and its 200-day moving average is €67.72. Covestro AG has a 52 week low of €44.44 and a 52 week high of €76.40. The company has a market capitalization of €14.13 billion and a P/E ratio of 10.587.
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About Covestro AG
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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