Covestro Aktiengesellschaft (ETR:1COV) has been given a €112.00 ($133.33) price target by research analysts at Kepler Capital Markets in a research report issued on Wednesday, December 27th. The firm currently has a “buy” rating on the stock. Kepler Capital Markets’ price target suggests a potential upside of 23.40% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. Barclays set a €71.00 ($84.52) price target on Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Thursday, September 14th. Deutsche Bank set a €88.00 ($104.76) price target on Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Goldman Sachs Group set a €65.00 ($77.38) price objective on Covestro Aktiengesellschaft and gave the company a “neutral” rating in a report on Friday, September 15th. Jefferies Group set a €91.00 ($108.33) price objective on Covestro Aktiengesellschaft and gave the company a “buy” rating in a report on Monday, October 23rd. Finally, JPMorgan Chase & Co. set a €60.00 ($71.43) price objective on Covestro Aktiengesellschaft and gave the company a “sell” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of €87.31 ($103.94).
Shares of Covestro Aktiengesellschaft (ETR 1COV) traded up €2.24 ($2.67) on Wednesday, hitting €90.76 ($108.05). The stock had a trading volume of 1,670,000 shares, compared to its average volume of 614,474. Covestro Aktiengesellschaft has a one year low of €61.95 ($73.75) and a one year high of €91.26 ($108.64). The company has a market cap of $18,380.00 and a PE ratio of 11.73.
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Covestro Aktiengesellschaft 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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