Covestro (ETR:1COV) has been given a €110.00 ($135.80) price target by equities researchers at UBS Group in a note issued to investors on Monday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 24.63% from the stock’s current price.
Several other research firms have also commented on 1COV. Kepler Capital Markets set a €112.00 ($138.27) price target on shares of Covestro and gave the company a “buy” rating in a research report on Thursday, December 21st. Jefferies Group set a €91.00 ($112.35) price target on shares of Covestro and gave the company a “buy” rating in a research report on Monday, October 23rd. Societe Generale set a €80.00 ($98.77) price target on shares of Covestro and gave the company a “neutral” rating in a research report on Friday, December 1st. BNP Paribas set a €66.00 ($81.48) target price on shares of Covestro and gave the company a “sell” rating in a research report on Thursday, October 12th. Finally, Deutsche Bank set a €88.00 ($108.64) target price on shares of Covestro and gave the company a “buy” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of €88.59 ($109.37).
Shares of Covestro (ETR 1COV) opened at €88.26 ($108.96) on Monday. The company has a market cap of $17,770.00 and a price-to-earnings ratio of 11.40. Covestro has a 52-week low of €61.95 ($76.48) and a 52-week high of €96.32 ($118.91).
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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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