Citigroup Analysts Give Covestro (1COV) a €81.00 Price Target
Covestro (ETR:1COV) received a €81.00 ($100.00) target price from equities research analysts at Citigroup in a report released on Tuesday. The firm presently has a “neutral” rating on the stock. Citigroup’s target price would suggest a potential downside of 4.57% from the company’s current price.
A number of other research analysts also recently commented on 1COV. JPMorgan Chase & Co. restated a “buy” rating and issued a target price on shares of Covestro in a research note on Wednesday, March 14th. Baader Bank set a €90.00 ($111.11) target price on Covestro and gave the company a “neutral” rating in a research note on Tuesday, February 6th. UBS set a €110.00 ($135.80) target price on Covestro and gave the company a “buy” rating in a research note on Monday. Barclays set a €78.00 ($96.30) target price on Covestro and gave the company a “neutral” rating in a research note on Monday, November 27th. Finally, Jefferies Group set a €113.00 ($139.51) price target on Covestro and gave the stock a “buy” rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of €92.76 ($114.52).
Covestro (ETR 1COV) opened at €84.88 ($104.79) on Tuesday. Covestro has a 52 week low of €61.95 ($76.48) and a 52 week high of €96.32 ($118.91). The company has a market capitalization of $16,860.00 and a PE ratio of 8.55.
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.
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.