Covestro (1COV) Given a €94.00 Price Target at Commerzbank
Covestro (ETR:1COV) has been given a €94.00 ($109.30) price objective by stock analysts at Commerzbank in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Commerzbank’s target price would suggest a potential upside of 95.26% from the stock’s current price.
Other research analysts also recently issued reports about the company. UBS Group set a €110.00 ($127.91) price objective on Covestro and gave the company a “buy” rating in a research note on Thursday, July 26th. Independent Research set a €86.00 ($100.00) target price on Covestro and gave the company a “neutral” rating in a research report on Thursday, July 26th. Deutsche Bank reaffirmed a “buy” rating on shares of Covestro in a research report on Friday, July 27th. JPMorgan Chase & Co. set a €75.00 ($87.21) target price on Covestro and gave the company a “buy” rating in a research report on Thursday, October 25th. Finally, Goldman Sachs Group set a €52.00 ($60.47) target price on Covestro and gave the company a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Covestro has a consensus rating of “Hold” and a consensus price target of €76.72 ($89.21).
Shares of ETR:1COV opened at €48.14 ($55.98) on Wednesday. Covestro has a 1 year low of €61.95 ($72.03) and a 1 year 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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