Shares of Covestro AG (ETR:1COV) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is €89.76 ($110.82).
Several equities analysts have recently commented on 1COV shares. Kepler Capital Markets set a €96.00 ($118.52) price objective on shares of Covestro and gave the stock a “buy” rating in a report on Wednesday, October 18th. Societe Generale set a €80.00 ($98.77) target price on shares of Covestro and gave the company a “neutral” rating in a research report on Friday, December 1st. UBS Group set a €110.00 ($135.80) target price on shares of Covestro and gave the company a “buy” rating in a research report on Wednesday, January 24th. Baader Bank set a €70.00 ($86.42) target price on shares of Covestro and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. set a €100.00 ($123.46) target price on shares of Covestro and gave the company a “buy” rating in a research report on Monday, October 30th.
Shares of Covestro (ETR:1COV) traded down €1.42 ($1.75) during mid-day trading on Friday, hitting €83.64 ($103.26). 1,150,603 shares of the stock traded hands, compared to its average volume of 958,517. Covestro has a 52-week low of €61.95 ($76.48) and a 52-week high of €96.32 ($118.91). The firm has a market cap of $17,110.00 and a price-to-earnings ratio of 10.81.
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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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