BNP Paribas Analysts Give Covestro AG (1COV) a €64.00 Price Target
Several other equities research analysts also recently issued reports on 1COV. Baader Bank set a €53.00 ($62.35) price objective on Covestro AG and gave the stock a sell rating in a research note on Thursday, June 8th. UBS AG set a €85.00 ($100.00) price objective on Covestro AG and gave the stock a buy rating in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price objective on Covestro AG and gave the stock a sell rating in a research note on Wednesday, June 21st. Kepler Capital Markets set a €90.00 ($105.88) price objective on Covestro AG and gave the stock a buy rating in a research note on Tuesday, June 27th. Finally, Morgan Stanley set a €70.00 ($82.35) price objective on Covestro AG and gave the stock a neutral rating in a research note on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of €74.07 ($87.14).
Shares of Covestro AG (1COV) opened at 71.493 on Friday. The firm has a 50-day moving average price of €68.54 and a 200 day moving average price of €67.95. Covestro AG has a 12-month low of €50.70 and a 12-month high of €76.40. The stock has a market cap of €14.48 billion and a PE ratio of 10.844.
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About Covestro AG
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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