Covestro (1COV) Given a €75.00 Price Target by JPMorgan Chase & Co. Analysts
Several other equities research analysts have also recently issued reports on the company. Baader Bank set a €66.00 ($76.74) price objective on Covestro and gave the stock a neutral rating in a report on Thursday. Commerzbank set a €100.00 ($116.28) price objective on Covestro and gave the stock a buy rating in a report on Friday, October 12th. Morgan Stanley set a €93.00 ($108.14) price objective on Covestro and gave the stock a neutral rating in a report on Friday, October 12th. Kepler Capital Markets set a €120.00 ($139.53) target price on shares of Covestro and gave the stock a buy rating in a research note on Wednesday, October 10th. Finally, Deutsche Bank set a €102.00 ($118.60) target price on shares of Covestro and gave the stock a buy rating in a research note on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Covestro currently has an average rating of Hold and an average price target of €90.67 ($105.43).
1COV stock traded down €2.24 ($2.60) during trading on Friday, hitting €57.56 ($66.93). The stock had a trading volume of 1,802,679 shares, compared to its average volume of 917,794. Covestro has a twelve month low of €61.95 ($72.03) and a twelve month high of €96.32 ($112.00).
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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