Other equities research analysts have also recently issued reports about the company. Barclays set a €98.00 ($113.95) price objective on Covestro and gave the stock a neutral rating in a research note on Friday, June 29th. UBS Group set a €100.00 ($116.28) price objective on Covestro and gave the stock a buy rating in a research note on Wednesday, October 10th. Baader Bank set a €66.00 ($76.74) price objective on Covestro and gave the stock a neutral rating in a research note on Thursday. Credit Suisse Group set a €77.00 ($89.53) price objective on Covestro and gave the stock a neutral rating in a research note on Thursday, October 4th. Finally, Goldman Sachs Group set a €69.00 ($80.23) price objective on Covestro and gave the stock a sell rating in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of €83.89 ($97.55).
Shares of 1COV stock traded down €1.30 ($1.51) during mid-day trading on Thursday, hitting €52.70 ($61.28). The stock had a trading volume of 2,563,274 shares, compared to its average volume of 917,794. 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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