Covestro (ETR:1COV) received a €48.00 ($55.81) price target from Baader Bank in a report issued on Wednesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Baader Bank’s price target would indicate a potential upside of 10.85% from the stock’s current price.
A number of other analysts also recently issued reports on 1COV. Kepler Capital Markets set a €57.00 ($66.28) price target on shares of Covestro and gave the stock a “buy” rating in a report on Monday, April 29th. Jefferies Financial Group set a €62.00 ($72.09) price target on shares of Covestro and gave the stock a “buy” rating in a report on Wednesday, May 8th. UBS Group set a €52.00 ($60.47) price target on shares of Covestro and gave the stock a “neutral” rating in a report on Monday. Deutsche Bank set a €64.00 ($74.42) price target on shares of Covestro and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Barclays set a €55.00 ($63.95) price target on shares of Covestro and gave the stock a “buy” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €56.50 ($65.70).
1COV traded down €0.30 ($0.35) during trading on Wednesday, reaching €43.30 ($50.35). The company’s stock had a trading volume of 967,321 shares, compared to its average volume of 917,794. The firm has a market capitalization of $8.24 billion and a price-to-earnings ratio of 6.02. The company has a debt-to-equity ratio of 33.57, a current ratio of 2.17 and a quick ratio of 1.27. Covestro has a 1 year low of €41.42 ($48.16) and a 1 year high of €83.98 ($97.65).
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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