Baader Bank set a €48.00 ($55.81) price objective on Covestro (ETR:1COV) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other analysts have also commented on 1COV. Nord/LB set a €48.00 ($55.81) target price on Covestro and gave the stock a neutral rating in a report on Thursday, January 24th. Goldman Sachs Group set a €45.00 ($52.33) price target on Covestro and gave the stock a neutral rating in a research note on Thursday, January 24th. Kepler Capital Markets set a €57.00 ($66.28) price target on Covestro and gave the stock a buy rating in a research note on Thursday, January 31st. UBS Group set a €51.00 ($59.30) price target on Covestro and gave the stock a neutral rating in a research note on Monday, February 4th. Finally, JPMorgan Chase & Co. set a €62.00 ($72.09) price target on Covestro and gave the stock a buy rating in a research note on Monday, February 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. Covestro has an average rating of Hold and a consensus target price of €56.50 ($65.70).
Covestro stock opened at €40.95 ($47.62) on Wednesday. The firm has a market capitalization of $7.83 billion and a price-to-earnings ratio of 5.69. Covestro has a 12 month low of €41.42 ($48.16) and a 12 month high of €83.98 ($97.65). 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 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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