Baader Bank set a €70.00 ($83.33) target price on Covestro AG (ETR:1COV) in a report issued on Wednesday morning. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued research reports about the company. Deutsche Bank AG set a €83.00 ($98.81) target price on Covestro AG and gave the stock a buy rating in a research note on Saturday, May 20th. Jefferies Group LLC set a €86.00 ($102.38) target price on Covestro AG and gave the stock a buy rating in a research note on Friday, May 26th. UBS AG set a €85.00 ($101.19) target price on Covestro AG and gave the stock a buy rating in a research note on Monday, June 12th. Kepler Capital Markets set a €85.00 ($101.19) target price on Covestro AG and gave the stock a buy rating in a research note on Friday, June 2nd. Finally, DZ Bank AG reiterated a buy rating on shares of Covestro AG in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Covestro AG has an average rating of Hold and a consensus target price of €73.07 ($86.98).

Covestro AG (1COV) opened at 69.801 on Wednesday. The stock has a market capitalization of €14.13 billion and a P/E ratio of 10.587. The firm’s 50 day moving average is €66.38 and its 200 day moving average is €67.72. Covestro AG has a 1-year low of €44.44 and a 1-year high of €76.40.

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Covestro AG Company Profile

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)

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