Covestro Aktiengesellschaft (1COV) Given a €93.00 Price Target by Commerzbank Analysts
1COV has been the subject of a number of other research reports. Kepler Capital Markets set a €90.00 ($107.14) target price on shares of Covestro Aktiengesellschaft and gave the stock a buy rating in a research note on Tuesday, August 29th. Deutsche Bank reaffirmed a buy rating on shares of Covestro Aktiengesellschaft in a research note on Friday, August 25th. J P Morgan Chase & Co set a €60.00 ($71.43) price target on shares of Covestro Aktiengesellschaft and gave the company a sell rating in a research note on Thursday, September 28th. Morgan Stanley set a €74.00 ($88.10) price target on shares of Covestro Aktiengesellschaft and gave the company a neutral rating in a research note on Wednesday, August 23rd. Finally, Societe Generale set a €80.00 ($95.24) price objective on shares of Covestro Aktiengesellschaft and gave the company a neutral rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of €85.06 ($101.26).
Shares of Covestro Aktiengesellschaft (ETR 1COV) traded up €0.46 ($0.55) during trading hours on Wednesday, hitting €85.44 ($101.71). 587,334 shares of the stock were exchanged, compared to its average volume of 557,768. Covestro Aktiengesellschaft has a 52 week low of €61.07 ($72.70) and a 52 week high of €88.41 ($105.25).
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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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