Covestro AG (1COV) Given “Buy” Rating at DZ Bank AG
Covestro AG (ETR:1COV)‘s stock had its “buy” rating reiterated by investment analysts at DZ Bank AG in a research report issued on Tuesday.
1COV has been the topic of a number of other research reports. UBS AG set a €85.00 ($100.00) price objective on Covestro AG and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Kepler Capital Markets set a €96.00 ($112.94) price objective on Covestro AG and gave the stock a “buy” rating in a research note on Tuesday. Commerzbank Ag set a €78.00 ($91.76) price objective on Covestro AG and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co set a €60.00 ($70.59) price objective on Covestro AG and gave the stock a “sell” rating in a research note on Tuesday. Finally, Baader Bank set a €70.00 ($82.35) price objective on Covestro AG and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of €75.07 ($88.31).
Shares of Covestro AG (ETR:1COV) traded up 8.454% during mid-day trading on Tuesday, reaching €78.074. The company had a trading volume of 7,832 shares. Covestro AG has a 1-year low of €50.70 and a 1-year high of €78.07. The company has a market capitalization of €15.81 billion and a PE ratio of 11.842. The stock’s 50-day moving average price is €70.08 and its 200 day moving average price is €68.01.
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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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