Covestro (ETR:1COV) has been assigned a €110.00 ($135.80) price target by analysts at UBS Group in a research report issued to clients and investors on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 28.50% from the stock’s current price.
Several other equities research analysts have also issued reports on the company. Baader Bank set a €90.00 ($111.11) price target on Covestro and gave the company a “neutral” rating in a research report on Tuesday, February 6th. DZ Bank reissued a “buy” rating on shares of Covestro in a research report on Monday, January 29th. Credit Suisse Group set a €94.00 ($116.05) price target on Covestro and gave the company a “neutral” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. set a €100.00 ($123.46) price target on Covestro and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, Commerzbank set a €100.00 ($123.46) price target on Covestro and gave the company a “buy” rating in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €89.76 ($110.82).
Shares of Covestro (ETR:1COV) opened at €85.60 ($105.68) on Monday. The stock has a market capitalization of $17,350.00 and a P/E ratio of 11.06. 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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