Covestro (1COV) PT Set at €64.00 by Deutsche Bank
Covestro (ETR:1COV) has been assigned a €64.00 ($74.42) price target by research analysts at Deutsche Bank in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 31.50% from the company’s current price.
Several other research analysts have also recently issued reports on 1COV. HSBC set a €52.00 ($60.47) price target on shares of Covestro and gave the stock a “neutral” rating in a report on Friday, March 8th. Barclays set a €57.00 ($66.28) price target on shares of Covestro and gave the stock a “neutral” rating in a report on Monday, February 25th. DZ Bank reissued a “sell” rating on shares of Covestro in a report on Wednesday, March 6th. Kepler Capital Markets set a €78.00 ($90.70) price target on shares of Covestro and gave the stock a “buy” rating in a report on Wednesday, November 21st. Finally, Credit Suisse Group set a €53.00 ($61.63) price target on shares of Covestro and gave the stock a “neutral” rating in a report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €60.00 ($69.77).
ETR 1COV opened at €48.67 ($56.59) on Wednesday. The stock has a market cap of $9.30 billion and a P/E ratio of 4.15. Covestro has a 52-week low of €41.42 ($48.16) and a 52-week high of €89.70 ($104.30). The company has a debt-to-equity ratio of 21.57, a current ratio of 2.19 and a quick ratio of 1.33.
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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