Berenberg Bank set a €50.00 ($58.14) price target on Covestro (ETR:1COV) in a report published on Friday, June 7th, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other research firms also recently commented on 1COV. Deutsche Bank set a €64.00 ($74.42) target price on Covestro and gave the stock a buy rating in a report on Tuesday, February 26th. Kepler Capital Markets set a €57.00 ($66.28) target price on Covestro and gave the stock a buy rating in a report on Monday, February 25th. JPMorgan Chase & Co. set a €62.00 ($72.09) price target on Covestro and gave the stock a buy rating in a research note on Monday, February 25th. Jefferies Financial Group set a €68.00 ($79.07) price target on Covestro and gave the stock a buy rating in a research note on Friday, March 1st. Finally, Barclays set a €58.00 ($67.44) price target on Covestro and gave the stock a buy rating in a research note on Friday, March 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of €55.61 ($64.66).
Shares of ETR 1COV traded up €0.94 ($1.09) during mid-day trading on Friday, hitting €44.71 ($51.99). 1,064,820 shares of the stock traded hands, compared to its average volume of 917,794. The company has a debt-to-equity ratio of 33.57, a quick ratio of 1.27 and a current ratio of 2.17. Covestro has a 52 week low of €38.43 ($44.69) and a 52 week high of €83.98 ($97.65). The company has a market capitalization of $8.55 billion and a P/E ratio of 6.21. The stock has a fifty day moving average of €42.29.
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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