Goldman Sachs Group, Inc. (The) set a €65.00 ($77.38) price objective on Covestro AG (ETR:1COV) in a research note published on Friday. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also recently commented on 1COV. UBS AG set a €85.00 ($101.19) price objective on shares of Covestro AG and gave the company a buy rating in a research report on Tuesday, June 6th. Independent Research GmbH set a €73.00 ($86.90) price objective on shares of Covestro AG and gave the company a neutral rating in a research report on Thursday. Barclays PLC set a €69.00 ($82.14) price objective on shares of Covestro AG and gave the company a neutral rating in a research report on Monday, August 7th. Commerzbank Ag set a €75.00 ($89.29) price objective on shares of Covestro AG and gave the company a neutral rating in a research report on Wednesday. Finally, J P Morgan Chase & Co set a €60.00 ($71.43) price objective on shares of Covestro AG and gave the company a sell rating in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. Covestro AG presently has a consensus rating of Hold and a consensus price target of €73.07 ($86.98).

Shares of Covestro AG (1COV) traded up 1.233% during mid-day trading on Friday, hitting €69.801. The company had a trading volume of 2,962 shares. The firm’s 50-day moving average price is €66.38 and its 200 day moving average price is €67.72. The company has a market capitalization of €14.13 billion and a P/E ratio of 10.587. Covestro AG has a one year low of €44.44 and a one year high of €76.40.

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Covestro AG 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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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