Baader Bank Reiterates €70.00 Price Target for Covestro AG (1COV)
Covestro AG (ETR:1COV) has been assigned a €70.00 ($82.35) price objective by research analysts at Baader Bank in a research report issued to clients and investors on Wednesday. The firm currently has a “neutral” rating on the stock.
1COV has been the subject of several other research reports. Kepler Capital Markets set a €90.00 ($105.88) target price on Covestro AG and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Deutsche Bank AG restated a “buy” rating on shares of Covestro AG in a research note on Friday, August 25th. Commerzbank Ag set a €75.00 ($88.24) target price on Covestro AG and gave the stock a “neutral” rating in a research note on Wednesday, September 13th. J P Morgan Chase & Co set a €60.00 ($70.59) target price on Covestro AG and gave the stock a “sell” rating in a research note on Thursday, September 28th. Finally, Jefferies Group LLC set a €86.00 ($101.18) target price on Covestro AG and gave the stock a “buy” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Covestro AG has an average rating of “Hold” and an average price target of €74.73 ($87.92).
Shares of Covestro AG (1COV) traded down 0.08% during midday trading on Wednesday, hitting €71.98. 1,024 shares of the stock were exchanged. The stock’s 50-day moving average price is €69.52 and its 200-day moving average price is €68.05. The firm has a market capitalization of €14.58 billion and a price-to-earnings ratio of 10.92. Covestro AG has a 1-year low of €50.70 and a 1-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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