Analysts Set Covestro AG (1COV) Price Target at $74.07

Shares of Covestro AG (ETR:1COV) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is €74.07 ($87.14).

A number of analysts have commented on 1COV shares. Deutsche Bank AG set a €85.00 ($100.00) target price on Covestro AG and gave the stock a “buy” rating in a report on Wednesday, October 4th. Jefferies Group LLC set a €86.00 ($101.18) price objective on Covestro AG and gave the stock a “buy” rating in a report on Friday, July 28th. Independent Research GmbH set a €73.00 ($85.88) price objective on Covestro AG and gave the stock a “neutral” rating in a report on Thursday, September 14th. UBS AG set a €85.00 ($100.00) price objective on Covestro AG and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Commerzbank Ag set a €82.00 ($96.47) price objective on Covestro AG and gave the stock a “buy” rating in a report on Tuesday, September 19th.

Shares of Covestro AG (ETR 1COV) traded down 1.811% on Friday, reaching €70.601. The company’s stock had a trading volume of 2,570 shares. The company has a market cap of €14.30 billion and a price-to-earnings ratio of 10.708. Covestro AG has a 52-week low of €50.70 and a 52-week high of €76.40. The stock has a 50-day moving average of €68.74 and a 200 day moving average of €67.96.

COPYRIGHT VIOLATION WARNING: “Analysts Set Covestro AG (1COV) Price Target at $74.07” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/analysts-set-covestro-ag-1cov-price-target-at-74-07.html.

About Covestro AG

Covestro Aktiengesellschaft manufa

A number of analysts have commented on 1COV shares. Deutsche Bank AG set a €85.00 ($100.00) target price on Covestro AG and gave the stock a “buy” rating in a report on Wednesday, October 4th. Jefferies Group LLC set a €86.00 ($101.18) price objective on Covestro AG and gave the stock a “buy” rating in a report on Friday, July 28th. Independent Research GmbH set a €73.00 ($85.88) price objective on Covestro AG and gave the stock a “neutral” rating in a report on Thursday, September 14th. UBS AG set a €85.00 ($100.00) price objective on Covestro AG and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Commerzbank Ag set a €82.00 ($96.47) price objective on Covestro AG and gave the stock a “buy” rating in a report on Tuesday, September 19th.

Shares of Covestro AG (ETR 1COV) traded down 1.811% on Friday, reaching €70.601. The company’s stock had a trading volume of 2,570 shares. The company has a market cap of €14.30 billion and a price-to-earnings ratio of 10.708. Covestro AG has a 52-week low of €50.70 and a 52-week high of €76.40. The stock has a 50-day moving average of €68.74 and a 200 day moving average of €67.96.

COPYRIGHT VIOLATION WARNING: “Analysts Set Covestro AG (1COV) Price Target at $74.07” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/10/analysts-set-covestro-ag-1cov-price-target-at-74-07.html.

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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