Covestro AG (1COV) Given a €65.00 Price Target at Goldman Sachs Group, Inc. (The)
Several other research analysts also recently commented on 1COV. UBS AG set a €85.00 ($101.19) target price on Covestro AG and gave the stock a buy rating in a report on Tuesday, June 6th. Independent Research GmbH set a €73.00 ($86.90) target price on Covestro AG and gave the stock a neutral rating in a report on Thursday, September 14th. Barclays PLC set a €69.00 ($82.14) target price on Covestro AG and gave the stock a neutral rating in a report on Monday, August 7th. Commerzbank Ag set a €75.00 ($89.29) target price on Covestro AG and gave the stock a neutral rating in a report on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a €60.00 ($71.43) target price on Covestro AG and gave the stock a sell rating in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Covestro AG presently has an average rating of Hold and an average price target of €73.07 ($86.98).
Shares of Covestro AG (ETR:1COV) opened at 70.06 on Friday. The company has a market cap of €14.19 billion and a P/E ratio of 10.63. The company has a 50-day moving average price of €66.48 and a 200-day moving average price of €67.72. Covestro AG has a 12-month low of €46.00 and a 12-month high of €76.40.
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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