Berenberg Bank Analysts Give Covestro (1COV) a €63.00 Price Target
Other equities analysts also recently issued reports about the stock. Commerzbank set a €110.00 ($127.91) price target on shares of Covestro and gave the company a buy rating in a report on Friday, July 13th. UBS Group reissued a buy rating and issued a price objective on shares of Covestro in a research report on Wednesday, July 11th. JPMorgan Chase & Co. set a €105.00 ($122.09) price objective on shares of Covestro and gave the company a buy rating in a research report on Monday, July 2nd. Independent Research set a €86.00 ($100.00) price objective on shares of Covestro and gave the company a neutral rating in a research report on Thursday, July 26th. Finally, Deutsche Bank reissued a buy rating on shares of Covestro in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of €83.89 ($97.55).
Shares of ETR:1COV opened at €52.70 ($61.28) on Friday. Covestro has a 12 month low of €61.95 ($72.03) and a 12 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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