Covestro (ETR:1COV) has been assigned a €115.00 ($141.98) target price by analysts at Kepler Capital Markets in a research report issued on Tuesday, February 20th. The brokerage currently has a “buy” rating on the stock. Kepler Capital Markets’ target price indicates a potential upside of 34.76% from the stock’s previous close.
Other analysts have also issued reports about the stock. Deutsche Bank set a €88.00 ($108.64) target price on shares of Covestro and gave the company a “buy” rating in a research report on Wednesday, October 25th. DZ Bank reiterated a “buy” rating on shares of Covestro in a research report on Monday, January 29th. UBS Group set a €110.00 ($135.80) target price on shares of Covestro and gave the company a “buy” rating in a research report on Monday, February 12th. Jefferies Group set a €91.00 ($112.35) price target on shares of Covestro and gave the company a “buy” rating in a research report on Monday, October 23rd. Finally, JPMorgan Chase & Co. set a €60.00 ($74.07) price target on shares of Covestro and gave the company a “sell” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €92.41 ($114.09).
Shares of Covestro (1COV) traded down €1.48 ($1.83) during trading on Tuesday, hitting €85.34 ($105.36). 789,450 shares of the stock traded hands, compared to its average volume of 899,069. Covestro has a 1-year low of €61.95 ($76.48) and a 1-year high of €96.32 ($118.91). The firm has a market cap of $17,280.00 and a price-to-earnings ratio of 8.59.
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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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