Covestro Aktiengesellschaft (1COV) PT Set at €93.00 by Commerzbank
Covestro Aktiengesellschaft (ETR:1COV) received a €93.00 ($110.71) price objective from research analysts at Commerzbank in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Commerzbank’s price objective would indicate a potential upside of 9.44% from the company’s previous close.
Several other research firms also recently issued reports on 1COV. Deutsche Bank set a €85.00 ($101.19) price target on Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Wednesday, October 4th. UBS set a €95.00 ($113.10) price target on Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Thursday, December 7th. Independent Research set a €73.00 ($86.90) price target on Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Thursday, September 14th. Jefferies Group set a €91.00 ($108.33) price target on Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Societe Generale set a €80.00 ($95.24) price target on Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of €85.06 ($101.26).
Covestro Aktiengesellschaft (ETR:1COV) traded up €1.18 ($1.40) during trading hours on Wednesday, hitting €84.98 ($101.17). The stock had a trading volume of 688,424 shares, compared to its average volume of 557,768. Covestro Aktiengesellschaft has a fifty-two week low of €61.07 ($72.70) and a fifty-two week high of €88.41 ($105.25).
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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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