Morgan Stanley set a €74.00 ($87.06) target price on Covestro AG (ETR:1COV) in a research report report published on Wednesday. The brokerage currently has a neutral rating on the stock.

Several other brokerages also recently commented on 1COV. Jefferies Group LLC set a €86.00 ($101.18) target price on Covestro AG and gave the stock a buy rating in a report on Friday, July 28th. UBS AG set a €85.00 ($100.00) target price on Covestro AG and gave the stock a buy rating in a report on Monday, June 12th. Commerzbank Ag set a €75.00 ($88.24) target price on Covestro AG and gave the stock a neutral rating in a report on Monday, August 21st. Kepler Capital Markets set a €90.00 ($105.88) target price on Covestro AG and gave the stock a buy rating in a report on Monday, July 3rd. Finally, J P Morgan Chase & Co set a €60.00 ($70.59) target price on Covestro AG and gave the stock a sell rating in a report on Friday, June 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Covestro AG currently has a consensus rating of Hold and an average target price of €72.47 ($85.25).

Covestro AG (ETR 1COV) opened at 68.85 on Wednesday. The firm has a market capitalization of €13.94 billion and a price-to-earnings ratio of 10.44. Covestro AG has a 12-month low of €41.66 and a 12-month high of €76.40. The company’s 50-day moving average price is €65.79 and its 200-day moving average price is €68.21.

WARNING: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2017/08/26/morgan-stanley-analysts-give-covestro-ag-1cov-a-74-00-price-target.html.

About Covestro AG

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

Receive News & Stock Ratings for Covestro AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro AG and related stocks with our FREE daily email newsletter.