Analysts Set Covestro AG (1COV) Target Price at $60.00

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Covestro AG (ETR:1COV) has been assigned a consensus rating of “Hold” from the twenty brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is €60.00 ($69.77).

Several research firms have weighed in on 1COV. Kepler Capital Markets set a €57.00 ($66.28) price objective on Covestro and gave the stock a “buy” rating in a research report on Tuesday, February 12th. DZ Bank reiterated a “neutral” rating on shares of Covestro in a research report on Monday, February 25th. UBS Group set a €51.00 ($59.30) price objective on Covestro and gave the stock a “neutral” rating in a research report on Monday, February 4th. Commerzbank set a €65.00 ($75.58) price objective on Covestro and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Finally, Baader Bank set a €48.00 ($55.81) price objective on Covestro and gave the stock a “neutral” rating in a research report on Friday, January 18th.

Covestro stock traded down €0.41 ($0.48) during mid-day trading on Friday, hitting €47.12 ($54.79). 1,714,087 shares of the company’s stock traded hands, compared to its average volume of 917,794. Covestro has a fifty-two week low of €41.42 ($48.16) and a fifty-two week high of €89.70 ($104.30). The company has a market capitalization of $9.01 billion and a price-to-earnings ratio of 4.02. The company has a debt-to-equity ratio of 21.57, a current ratio of 2.19 and a quick ratio of 1.33.

About Covestro

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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Analyst Recommendations for Covestro (ETR:1COV)

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