Nord/LB set a €42.00 ($48.84) price objective on Covestro (ETR:1COV) in a report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
1COV has been the subject of a number of other research reports. DZ Bank reaffirmed a sell rating on shares of Covestro in a report on Wednesday, January 8th. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on Covestro and gave the stock a buy rating in a report on Monday, January 6th. Barclays set a €50.00 ($58.14) price target on Covestro and gave the stock a buy rating in a report on Tuesday, January 14th. Kepler Capital Markets set a €41.00 ($47.67) price target on Covestro and gave the stock a neutral rating in a report on Wednesday, January 8th. Finally, HSBC set a €38.00 ($44.19) price target on Covestro and gave the stock a sell rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of €45.61 ($53.04).
ETR 1COV opened at €39.85 ($46.34) on Tuesday. The stock has a market capitalization of $7.28 billion and a price-to-earnings ratio of 12.29. Covestro has a twelve month low of €37.30 ($43.37) and a twelve month high of €55.78 ($64.86). The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 34.70. The stock has a 50-day moving average of €41.47 and a 200 day moving average of €42.53.
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: Inverted Yield Curve
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.