Covestro AG (ETR:1COV) has been assigned a €66.00 ($77.65) price target by BNP Paribas in a research note issued to investors on Thursday. The brokerage presently has a “sell” rating on the stock.
A number of other equities research analysts have also issued reports on 1COV. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) target price on shares of Covestro AG and gave the company a “sell” rating in a research note on Wednesday, June 21st. Kepler Capital Markets set a €90.00 ($105.88) target price on shares of Covestro AG and gave the company a “buy” rating in a research note on Tuesday, June 27th. Baader Bank set a €70.00 ($82.35) target price on shares of Covestro AG and gave the company a “neutral” rating in a research note on Thursday, June 29th. Morgan Stanley set a €70.00 ($82.35) target price on shares of Covestro AG and gave the company a “neutral” rating in a research note on Thursday, June 29th. Finally, Commerzbank Ag set a €78.00 ($91.76) target price on shares of Covestro AG and gave the company a “neutral” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €74.20 ($87.29).
Shares of Covestro AG (1COV) opened at 71.25 on Thursday. The stock’s 50 day moving average price is €68.92 and its 200-day moving average price is €68.00. Covestro AG has a 12-month low of €50.70 and a 12-month high of €76.40. The firm has a market capitalization of €14.43 billion and a P/E ratio of 10.81.
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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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