UBS AG Reiterates €85.00 Price Target for Covestro AG (1COV)
Covestro AG (ETR:1COV) has been given a €85.00 ($100.00) price objective by stock analysts at UBS AG in a report issued on Tuesday, www.boersen-zeitung.de reports. The brokerage presently has a “buy” rating on the stock.
Several other equities research analysts also recently issued reports on the company. Barclays PLC set a €71.00 ($83.53) price target on Covestro AG and gave the company a “neutral” rating in a report on Tuesday. J P Morgan Chase & Co set a €60.00 ($70.59) price target on Covestro AG and gave the company a “sell” rating in a report on Tuesday. Jefferies Group LLC set a €91.00 ($107.06) price target on Covestro AG and gave the company a “buy” rating in a report on Monday. Baader Bank set a €70.00 ($82.35) price target on Covestro AG and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Kepler Capital Markets set a €96.00 ($112.94) price target on Covestro AG and gave the company a “buy” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of €75.07 ($88.31).
Covestro AG (ETR:1COV) opened at 76.263 on Tuesday. The company’s 50-day moving average is €70.08 and its 200-day moving average is €68.01. The company has a market cap of €15.44 billion and a price-to-earnings ratio of 11.567. Covestro AG has a 12 month low of €50.70 and a 12 month high of €76.75.
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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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