Morgan Stanley Analysts Give Covestro AG (1COV) a €74.00 Price Target
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.
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.
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