Covestro AG (1COV) Given a €85.00 Price Target by Deutsche Bank AG Analysts
A number of other equities research analysts have also recently commented on 1COV. UBS AG set a €85.00 ($100.00) target price on Covestro AG and gave the stock a buy rating in a research note on Tuesday, June 6th. Baader Bank set a €53.00 ($62.35) target price on Covestro AG and gave the stock a sell rating in a research note on Thursday, June 8th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) target price on Covestro AG and gave the stock a sell rating in a research note on Wednesday, June 21st. Kepler Capital Markets set a €90.00 ($105.88) target price on Covestro AG and gave the stock a buy rating in a research note on Tuesday, June 27th. Finally, Morgan Stanley set a €70.00 ($82.35) target price on Covestro AG and gave the stock a neutral rating in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of €74.07 ($87.14).
Shares of Covestro AG (ETR:1COV) traded down 0.238% during trading on Wednesday, reaching €71.969. The company’s stock had a trading volume of 724 shares. The firm has a market cap of €14.57 billion and a P/E ratio of 10.916. Covestro AG has a one year low of €46.00 and a one year high of €76.40. The stock’s 50 day moving average is €68.40 and its 200 day moving average is €67.92.
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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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