JPMorgan Chase & Co. set a €75.00 ($87.21) price objective on Covestro (ETR:1COV) in a report published on Friday. The brokerage currently has a buy rating on the stock.

1COV has been the topic of a number of other research reports. Credit Suisse Group set a €87.00 ($101.16) price objective on Covestro and gave the stock a neutral rating in a research note on Friday, July 27th. UBS Group set a €110.00 ($127.91) price objective on Covestro and gave the stock a buy rating in a research note on Thursday, July 5th. Kepler Capital Markets set a €120.00 ($139.53) price objective on Covestro and gave the stock a buy rating in a research note on Thursday, July 26th. Societe Generale set a €85.00 ($98.84) price objective on Covestro and gave the stock a neutral rating in a research note on Monday, July 2nd. Finally, Baader Bank set a €66.00 ($76.74) price objective on Covestro and gave the stock a neutral rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of €90.67 ($105.43).

Covestro stock opened at €57.56 ($66.93) on Friday. Covestro has a 52 week low of €61.95 ($72.03) and a 52 week 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.

Further Reading: Marijuana Stocks Investing Considerations

Analyst Recommendations for Covestro (ETR:1COV)

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.