Covestro AG (ETR:1COV) has received a consensus rating of “Hold” from the sixteen research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is €72.21 ($85.97).

Several equities analysts have commented on 1COV shares. 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.

Shares of Covestro AG (ETR:1COV) traded up 1.233% during trading on Tuesday, reaching €69.801. 2,962 shares of the company were exchanged. Covestro AG has a 1-year low of €44.44 and a 1-year high of €76.40. The company has a market capitalization of €14.13 billion and a price-to-earnings ratio of 10.587. The stock’s 50 day moving average is €66.38 and its 200 day moving average is €67.72.

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About Covestro AG

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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