UBS Group Analysts Give Covestro (1COV) a €52.00 Price Target
Covestro (ETR:1COV) has been assigned a €52.00 ($60.47) price objective by equities researchers at UBS Group in a report issued on Wednesday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 6.84% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. Goldman Sachs Group set a €52.00 ($60.47) price objective on Covestro and gave the company a “sell” rating in a report on Tuesday, November 20th. Bank of America set a €55.00 ($63.95) price objective on Covestro and gave the company a “neutral” rating in a report on Friday, November 23rd. Deutsche Bank set a €80.00 ($93.02) price objective on Covestro and gave the company a “buy” rating in a report on Wednesday, November 21st. Nord/LB set a €48.00 ($55.81) price objective on Covestro and gave the company a “neutral” rating in a report on Thursday, January 24th. Finally, Baader Bank set a €48.00 ($55.81) price target on Covestro and gave the stock a “neutral” rating in a report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Covestro has a consensus rating of “Hold” and a consensus target price of €60.00 ($69.77).
1COV stock opened at €48.67 ($56.59) on Wednesday. The company has a market capitalization of $9.30 billion and a PE ratio of 4.15. Covestro has a twelve month low of €41.42 ($48.16) and a twelve month 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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