Commerzbank Ag Reiterates €82.00 Price Target for Covestro AG (1COV)
Covestro AG (ETR:1COV) has been given a €82.00 ($97.62) price target by investment analysts at Commerzbank Ag in a report issued on Tuesday. The firm currently has a “buy” rating on the stock.
1COV has been the subject of several other reports. Kepler Capital Markets set a €90.00 ($107.14) target price on Covestro AG and gave the company a “buy” rating in a research note on Tuesday, August 29th. HSBC Holdings plc set a €55.00 ($65.48) target price on Covestro AG and gave the company a “sell” rating in a research note on Wednesday, May 24th. Deutsche Bank AG reiterated a “buy” rating on shares of Covestro AG in a research note on Friday, August 25th. Jefferies Group LLC set a €86.00 ($102.38) target price on Covestro AG and gave the company a “buy” rating in a research note on Friday, May 26th. Finally, Barclays PLC set a €69.00 ($82.14) target price on Covestro AG and gave the company a “neutral” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. Covestro AG has a consensus rating of “Hold” and an average price target of €73.53 ($87.54).
Shares of Covestro AG (1COV) traded up 1.97% on Tuesday, reaching €71.44. 1,563 shares of the company’s stock traded hands. The stock has a 50-day moving average of €66.48 and a 200 day moving average of €67.72. Covestro AG has a 12-month low of €46.00 and a 12-month high of €76.40. The firm has a market cap of €14.47 billion and a P/E ratio of 10.84.
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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