Baader Bank set a €42.00 ($48.84) price target on Covestro (ETR:1COV) in a research report released on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other equities research analysts have also recently issued reports on 1COV. Goldman Sachs Group restated a neutral rating and set a price objective on shares of Covestro in a report on Monday, July 22nd. Barclays set a €52.00 ($60.47) price objective on Covestro and gave the stock a buy rating in a report on Tuesday, July 30th. Societe Generale set a €50.00 ($58.14) price objective on Covestro and gave the stock a neutral rating in a report on Tuesday, April 30th. Deutsche Bank set a €60.00 ($69.77) price objective on Covestro and gave the stock a buy rating in a report on Thursday, July 25th. Finally, Commerzbank set a €48.00 ($55.81) price target on Covestro and gave the company a neutral rating in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of €51.81 ($60.24).
Shares of ETR:1COV opened at €38.30 ($44.53) on Tuesday. Covestro has a 12-month low of €38.41 ($44.66) and a 12-month high of €80.16 ($93.21). The stock has a market cap of $7.00 billion and a PE ratio of 7.52. The business has a 50 day moving average of €41.70 and a 200-day moving average of €45.94. The company has a quick ratio of 1.17, a current ratio of 2.02 and a debt-to-equity ratio of 43.09.
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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