Covestro AG (1COV) Given a €64.00 Price Target at BNP Paribas

BNP Paribas set a €64.00 ($75.29) price objective on Covestro AG (ETR:1COV) in a research report sent to investors on Friday morning. The firm currently has a sell rating on the stock.

1COV has been the topic of several other research reports. UBS AG set a €85.00 ($100.00) price target on Covestro AG and gave the company a buy rating in a research note on Tuesday, July 25th. Commerzbank Ag set a €78.00 ($91.76) price target on Covestro AG and gave the company a neutral rating in a research note on Tuesday, July 25th. Baader Bank set a €70.00 ($82.35) price target on Covestro AG and gave the company a neutral rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co set a €60.00 ($70.59) price target on Covestro AG and gave the company a sell rating in a research note on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price target on Covestro AG and gave the company a sell rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Covestro AG has an average rating of Hold and an average target price of €74.07 ($87.14).

Shares of Covestro AG (ETR:1COV) opened at 71.489 on Friday. The firm has a 50-day moving average price of €68.74 and a 200-day moving average price of €67.96. The stock has a market cap of €14.48 billion and a price-to-earnings ratio of 10.843. Covestro AG has a 1-year low of €50.70 and a 1-year high of €76.40.

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1COV has been the topic of several other research reports. UBS AG set a €85.00 ($100.00) price target on Covestro AG and gave the company a buy rating in a research note on Tuesday, July 25th. Commerzbank Ag set a €78.00 ($91.76) price target on Covestro AG and gave the company a neutral rating in a research note on Tuesday, July 25th. Baader Bank set a €70.00 ($82.35) price target on Covestro AG and gave the company a neutral rating in a research note on Tuesday, July 25th. J P Morgan Chase & Co set a €60.00 ($70.59) price target on Covestro AG and gave the company a sell rating in a research note on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price target on Covestro AG and gave the company a sell rating in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Covestro AG has an average rating of Hold and an average target price of €74.07 ($87.14).

Shares of Covestro AG (ETR:1COV) opened at 71.489 on Friday. The firm has a 50-day moving average price of €68.74 and a 200-day moving average price of €67.96. The stock has a market cap of €14.48 billion and a price-to-earnings ratio of 10.843. Covestro AG has a 1-year low of €50.70 and a 1-year high of €76.40.

COPYRIGHT VIOLATION NOTICE: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://ledgergazette.com/2017/10/10/covestro-ag-1cov-given-a-64-00-price-target-at-bnp-paribas.html.

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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