UBS Analysts Give Covestro Aktiengesellschaft (1COV) a €95.00 Price Target
Covestro Aktiengesellschaft (ETR:1COV) received a €95.00 ($113.10) price objective from investment analysts at UBS in a research note issued to investors on Thursday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS’s target price indicates a potential upside of 14.22% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Barclays set a €71.00 ($84.52) price objective on Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Thursday, September 14th. Deutsche Bank set a €88.00 ($104.76) price objective on Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Goldman Sachs Group set a €65.00 ($77.38) price objective on Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Friday, September 15th. Jefferies Group set a €91.00 ($108.33) price objective on Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, J P Morgan Chase & Co set a €60.00 ($71.43) price target on Covestro Aktiengesellschaft and gave the stock a “sell” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Covestro Aktiengesellschaft presently has a consensus rating of “Hold” and a consensus target price of €84.38 ($100.45).
Shares of Covestro Aktiengesellschaft (ETR 1COV) opened at €83.17 ($99.01) on Thursday. Covestro Aktiengesellschaft has a 12 month low of €59.25 ($70.54) and a 12 month high of €88.41 ($105.25).
About Covestro Aktiengesellschaft
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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