Goldman Sachs Group set a €50.00 ($58.14) target price on Covestro (ETR:1COV) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other analysts also recently issued research reports about the company. Kepler Capital Markets set a €39.00 ($45.35) price target on Covestro and gave the stock a neutral rating in a research note on Wednesday, February 19th. Morgan Stanley set a €50.00 ($58.14) price target on Covestro and gave the stock a buy rating in a research note on Wednesday, February 19th. Barclays set a €50.00 ($58.14) price target on Covestro and gave the stock a buy rating in a research note on Tuesday, January 14th. Metzler set a €34.00 ($39.53) price target on Covestro and gave the stock a sell rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank set a €58.00 ($67.44) price target on Covestro and gave the stock a buy rating in a research note on Thursday, February 20th. Four research 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. Covestro presently has a consensus rating of Hold and an average price target of €43.89 ($51.03).
Shares of ETR:1COV opened at €34.49 ($40.10) on Tuesday. Covestro has a 52-week low of €37.01 ($43.03) and a 52-week high of €55.78 ($64.86). The firm has a market capitalization of $6.30 billion and a P/E ratio of 11.42. The stock has a 50 day moving average price of €39.31 and a 200-day moving average price of €42.03. The company has a debt-to-equity ratio of 33.16, a quick ratio of 1.27 and a current ratio of 2.21.
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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