Covestro (ETR:1COV) has been given a €63.00 ($73.26) price objective by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 37.83% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Societe Generale set a €85.00 ($98.84) price target on Covestro and gave the stock a “neutral” rating in a research report on Friday, November 30th. Commerzbank set a €65.00 ($75.58) price target on Covestro and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Goldman Sachs Group set a €51.00 ($59.30) price target on Covestro and gave the stock a “neutral” rating in a research report on Tuesday, November 27th. Credit Suisse Group set a €55.00 ($63.95) price target on Covestro and gave the stock a “neutral” rating in a research report on Friday, November 23rd. Finally, Bank of America set a €55.00 ($63.95) price target on Covestro and gave the stock a “neutral” rating in a research report on Friday, November 23rd. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €70.79 ($82.31).

Shares of 1COV stock opened at €45.71 ($53.15) on Wednesday. Covestro has a 1 year low of €61.95 ($72.03) and a 1 year high of €96.32 ($112.00).

Covestro Company Profile

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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Analyst Recommendations for Covestro (ETR:1COV)

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