Nord/LB set a €42.00 ($48.84) price objective on Covestro (ETR:1COV) in a research note released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research firms also recently weighed in on 1COV. Metzler set a €34.00 ($39.53) price target on shares of Covestro and gave the company a sell rating in a report on Tuesday, October 29th. Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Covestro and gave the company a buy rating in a report on Wednesday, January 8th. Independent Research set a €47.00 ($54.65) price target on shares of Covestro and gave the company a neutral rating in a report on Monday, October 28th. DZ Bank restated a sell rating on shares of Covestro in a report on Wednesday, January 8th. Finally, Barclays set a €50.00 ($58.14) target price on shares of Covestro and gave the company a buy rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of €45.61 ($53.04).
Covestro stock opened at €39.76 ($46.23) on Tuesday. The company has a market capitalization of $7.26 billion and a P/E ratio of 12.26. The firm’s fifty day simple moving average is €41.43 and its 200-day simple moving average is €42.52. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 34.70. Covestro has a 1-year low of €37.30 ($43.37) and a 1-year high of €55.78 ($64.86).
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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