Covestro (1COV) PT Set at €87.00 by Barclays
Several other brokerages also recently commented on 1COV. JPMorgan Chase & Co. set a €105.00 ($122.09) price objective on shares of Covestro and gave the company a buy rating in a research note on Monday, July 30th. DZ Bank restated a neutral rating on shares of Covestro in a research report on Tuesday, July 31st. Deutsche Bank restated a buy rating on shares of Covestro in a research report on Friday, July 27th. Commerzbank set a €110.00 ($127.91) price target on shares of Covestro and gave the company a buy rating in a research report on Friday, July 27th. Finally, Jefferies Financial Group set a €126.00 ($146.51) price target on shares of Covestro and gave the company a buy rating in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Covestro has an average rating of Hold and a consensus target price of €93.39 ($108.59).
Shares of ETR:1COV opened at €77.16 ($89.72) on Tuesday. Covestro has a one year low of €61.95 ($72.03) and a one year high of €96.32 ($112.00).
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers 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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