Covestro AG (1COV) Given Consensus Rating of “Hold” by Analysts
Covestro AG (ETR:1COV) has earned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is €70.79 ($82.31).
1COV has been the topic of a number of research analyst reports. Baader Bank set a €84.00 ($97.67) target price on Covestro and gave the stock a “neutral” rating in a report on Wednesday, August 8th. Barclays set a €87.00 ($101.16) target price on Covestro and gave the stock a “neutral” rating in a report on Tuesday, August 28th. UBS Group set a €110.00 ($127.91) target price on Covestro and gave the stock a “buy” rating in a report on Monday, August 20th. Goldman Sachs Group set a €73.00 ($84.88) target price on Covestro and gave the stock a “sell” rating in a report on Monday, September 3rd. Finally, JPMorgan Chase & Co. set a €105.00 ($122.09) target price on Covestro and gave the stock a “buy” rating in a report on Wednesday, September 5th.
Shares of 1COV stock traded down €2.73 ($3.17) during trading hours on Thursday, reaching €45.71 ($53.15). The company had a trading volume of 2,134,855 shares, compared to its average volume of 917,794. Covestro has a twelve month low of €61.95 ($72.03) and a twelve month high of €96.32 ($112.00).
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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