Berenberg Bank set a €44.00 ($51.16) price objective on Covestro (ETR:1COV) in a report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms also recently commented on 1COV. Independent Research set a €47.00 ($54.65) price target on Covestro and gave the company a neutral rating in a research note on Monday, October 28th. Barclays set a €50.00 ($58.14) price target on Covestro and gave the company a buy rating in a research note on Tuesday. UBS Group set a €42.00 ($48.84) price target on Covestro and gave the company a neutral rating in a research note on Monday, November 25th. JPMorgan Chase & Co. set a €52.00 ($60.47) target price on Covestro and gave the stock a buy rating in a research note on Monday, January 6th. Finally, Metzler set a €34.00 ($39.53) target price on Covestro and gave the stock a sell rating in a research note on Tuesday, October 29th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €46.00 ($53.49).
1COV stock opened at €40.92 ($47.58) on Tuesday. The company has a market cap of $7.40 billion and a PE ratio of 12.62. The business has a 50-day simple moving average of €41.81 and a 200 day simple moving average of €42.69. Covestro has a 52 week low of €37.30 ($43.37) and a 52 week high of €55.78 ($64.86). The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 34.70.
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.
See Also: How to invest using market indexes
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.