Covestro AG (1COV) PT Set at €64.00 by BNP Paribas
Covestro AG (ETR:1COV) has been assigned a €64.00 ($75.29) price objective by equities research analysts at BNP Paribas in a report released on Friday. The brokerage currently has a “sell” rating on the stock.
Several other equities research analysts also recently weighed in on 1COV. Baader Bank set a €53.00 ($62.35) price objective on Covestro AG and gave the company a “sell” rating in a report on Thursday, June 8th. UBS AG set a €85.00 ($100.00) price objective on Covestro AG and gave the company a “buy” rating in a report on Monday, June 12th. 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 report 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 report 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 report on Thursday, June 29th. Two investment 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’s stock. The stock presently has an average rating of “Hold” and an average target price of €74.07 ($87.14).
Shares of Covestro AG (1COV) opened at 71.493 on Friday. The company has a 50-day moving average price of €68.54 and a 200-day moving average price of €67.95. Covestro AG has a 12-month low of €50.70 and a 12-month high of €76.40. The company has a market cap of €14.48 billion and a P/E ratio of 10.844.
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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