Covestro (ETR:1COV) has been given a €48.00 ($55.81) target price by stock analysts at Credit Suisse Group in a research report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 19.31% from the stock’s previous close.
1COV has been the topic of several other research reports. Morgan Stanley set a $165.00 price target on shares of Caterpillar and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Nord/LB set a €26.00 ($30.23) price target on shares of Deutsche Lufthansa and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Independent Research set a €28.00 ($32.56) target price on shares of DWS Group & GmbH Co KgaA and gave the company a “sell” rating in a research report on Tuesday, April 30th. UBS Group cut shares of CR AGRICOLE S A/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, May 20th. Finally, Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research report on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned 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 €53.72 ($62.47).
1COV stock traded down €0.86 ($1.00) during mid-day trading on Tuesday, hitting €40.23 ($46.78). The company had a trading volume of 1,441,680 shares, compared to its average volume of 917,794. The company has a market capitalization of $7.29 billion and a P/E ratio of 5.59. Covestro has a 12-month low of €38.43 ($44.69) and a 12-month high of €83.98 ($97.65). The company has a quick ratio of 1.27, a current ratio of 2.17 and a debt-to-equity ratio of 33.57. The firm’s 50-day moving average price is €42.19.
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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