JPMorgan Chase & Co. Analysts Give Covestro (ETR:1COV) a €40.00 Price Target

JPMorgan Chase & Co. set a €40.00 ($47.06) target price on Covestro (ETR:1COV) in a research note issued to investors on Friday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently issued reports on the stock. UBS Group set a €39.00 ($45.88) target price on shares of Covestro and gave the company a sell rating in a research report on Thursday, September 10th. Credit Suisse Group set a €44.00 ($51.76) price target on shares of Covestro and gave the company a buy rating in a report on Wednesday, September 2nd. DZ Bank reiterated a buy rating on shares of Covestro in a report on Tuesday, August 18th. Independent Research set a €41.00 ($48.24) price target on shares of Covestro and gave the company a neutral rating in a report on Thursday, August 20th. Finally, Kepler Capital Markets set a €41.00 ($48.24) price target on shares of Covestro and gave the company a neutral rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of €44.33 ($52.16).

Shares of ETR 1COV opened at €46.83 ($55.09) on Friday. The firm’s 50-day moving average price is €39.17 and its 200-day moving average price is €33.90. The company has a current ratio of 2.83, a quick ratio of 1.88 and a debt-to-equity ratio of 63.67. The stock has a market capitalization of $8.56 billion and a price-to-earnings ratio of 56.35. Covestro has a 12-month low of €23.54 ($27.69) and a 12-month high of €48.18 ($56.68).

About Covestro

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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Analyst Recommendations for Covestro (ETR:1COV)

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