Covestro AG (1COV) Receives €92.88 Average Target Price from Brokerages
Shares of Covestro AG (ETR:1COV) have earned an average rating of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is €92.88 ($108.00).
Several analysts have weighed in on the company. Commerzbank set a €110.00 ($127.91) price objective on Covestro and gave the company a “buy” rating in a research report on Friday, July 27th. Baader Bank set a €84.00 ($97.67) price objective on Covestro and gave the company a “neutral” rating in a research report on Tuesday, May 29th. Barclays set a €98.00 ($113.95) price objective on Covestro and gave the company a “neutral” rating in a research report on Tuesday, May 22nd. UBS Group set a €110.00 ($127.91) price objective on Covestro and gave the company a “buy” rating in a research report on Tuesday, July 17th. Finally, DZ Bank reiterated a “neutral” rating on shares of Covestro in a research report on Tuesday, May 8th.
ETR:1COV opened at €73.46 ($85.42) on Tuesday. Covestro has a 1-year low of €61.95 ($72.03) and a 1-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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