Covestro AG (ETR:1COV) Receives €46.22 Consensus Target Price from Analysts
Shares of Covestro AG (ETR:1COV) have been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is €46.00 ($53.49).
Several analysts have weighed in on the company. DZ Bank reiterated a “sell” rating on shares of Covestro in a research report on Wednesday, January 8th. Nord/LB set a €42.00 ($48.84) target price on Covestro and gave the company a “neutral” rating in a report on Tuesday, October 29th. Goldman Sachs Group set a €53.00 ($61.63) target price on Covestro and gave the company a “buy” rating in a report on Wednesday, January 8th. UBS Group set a €42.00 ($48.84) target price on Covestro and gave the company a “neutral” rating in a report on Monday, November 25th. Finally, Independent Research set a €47.00 ($54.65) target price on Covestro and gave the company a “neutral” rating in a report on Monday, October 28th.
1COV stock traded down €0.38 ($0.44) during midday trading on Friday, hitting €40.12 ($46.65). The company had a trading volume of 1,376,075 shares, compared to its average volume of 917,794. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 34.70. Covestro has a 52 week low of €37.30 ($43.37) and a 52 week high of €55.78 ($64.86). The stock’s 50 day moving average price is €41.81 and its 200 day moving average price is €42.69. The stock has a market cap of $7.33 billion and a price-to-earnings ratio of 12.37.
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.
Recommended Story: What does a neutral rating on stocks mean?
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.