A number of other brokerages have also recently issued reports on 1COV. Citigroup reaffirmed a neutral rating on shares of Covestro in a research note on Wednesday, February 14th. UBS set a €110.00 ($130.95) price objective on shares of Covestro and gave the company a buy rating in a research note on Monday, April 23rd. JPMorgan Chase & Co. reaffirmed a buy rating and issued a price objective on shares of Covestro in a research note on Wednesday, March 14th. Kepler Capital Markets set a €115.00 ($136.90) price objective on shares of Covestro and gave the company a buy rating in a research note on Tuesday, February 20th. Finally, DZ Bank reaffirmed a buy rating on shares of Covestro in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €91.06 ($108.40).
Shares of Covestro opened at €78.58 ($93.55) on Tuesday, MarketBeat Ratings reports. Covestro has a 52-week low of €61.95 ($73.75) and a 52-week high of €96.32 ($114.67).
Covestro Company Profile
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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