Kepler Capital Markets Analysts Give Covestro AG (1COV) a €90.00 Price Target
Other analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) set a €58.00 ($69.05) target price on shares of Covestro AG and gave the stock a sell rating in a report on Wednesday, June 21st. UBS AG set a €85.00 ($101.19) target price on shares of Covestro AG and gave the stock a buy rating in a report on Monday, June 12th. Baader Bank set a €70.00 ($83.33) target price on shares of Covestro AG and gave the stock a neutral rating in a report on Thursday, June 29th. Independent Research GmbH set a €71.00 ($84.52) target price on shares of Covestro AG and gave the stock a neutral rating in a report on Friday, June 30th. Finally, DZ Bank AG reaffirmed a buy rating on shares of Covestro AG in a report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of €74.07 ($88.17).
Shares of Covestro AG (ETR 1COV) opened at 72.749 on Wednesday. Covestro AG has a 12-month low of €46.00 and a 12-month high of €76.40. The stock has a market cap of €14.73 billion and a price-to-earnings ratio of 11.034. The stock has a 50 day moving average price of €66.62 and a 200-day moving average price of €67.75.
About Covestro AG
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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