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.

ILLEGAL ACTIVITY WARNING: “Covestro AG (1COV) PT Set at €65.00 by Goldman Sachs Group, Inc. (The)” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/09/16/covestro-ag-1cov-pt-set-at-65-00-by-goldman-sachs-group-inc-the.html.

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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.