J P Morgan Chase & Co Reiterates “€60.00” Price Target for Covestro AG (1COV)
A number of other analysts have also weighed in on the stock. Deutsche Bank AG set a €83.00 ($98.81) price target on shares of Covestro AG and gave the company a buy rating in a report on Friday, June 2nd. Baader Bank set a €53.00 ($63.10) price objective on Covestro AG and gave the stock a sell rating in a report on Friday, June 2nd. Kepler Capital Markets set a €85.00 ($101.19) price objective on Covestro AG and gave the stock a buy rating in a report on Friday, June 2nd. UBS AG set a €85.00 ($101.19) price objective on Covestro AG and gave the company a buy rating in a research report on Tuesday, June 6th. Finally, Goldman Sachs Group, Inc. (The) set a €58.00 ($69.05) price objective on Covestro AG and gave the company a sell rating in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of €74.07 ($88.17).
Covestro AG (1COV) opened at 72.749 on Thursday. The company has a market cap of €14.73 billion and a PE ratio of 11.034. The company’s 50-day moving average price is €66.62 and its 200 day moving average price is €67.75. Covestro AG has a 52 week low of €46.00 and a 52 week high of €76.40.
Covestro AG Company Profile
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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