Deutsche Bank set a €102.00 ($118.60) price target on Covestro (ETR:1COV) in a research report sent to investors on Wednesday. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also commented on 1COV. HSBC set a €107.00 ($124.42) price target on Covestro and gave the company a buy rating in a research report on Tuesday, July 3rd. Baader Bank set a €84.00 ($97.67) price target on Covestro and gave the company a buy rating in a research report on Tuesday, June 26th. JPMorgan Chase & Co. set a €105.00 ($122.09) price target on Covestro and gave the company a buy rating in a research report on Tuesday, June 26th. Kepler Capital Markets set a €120.00 ($139.53) price target on Covestro and gave the company a buy rating in a research report on Friday, June 22nd. Finally, Jefferies Financial Group set a €126.00 ($146.51) price target on Covestro and gave the company a buy rating in a research report on Thursday, June 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of €93.33 ($108.53).

Shares of 1COV opened at €61.78 ($71.84) on Wednesday. Covestro has a 12-month low of €61.95 ($72.03) and a 12-month high of €96.32 ($112.00).

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.

Further Reading: Outstanding Shares, Buying and Selling Stocks

Analyst Recommendations for Covestro (ETR:1COV)

Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.