Covestro AG (1COV) Given a €75.00 Price Target by Commerzbank Ag Analysts

Covestro AG (ETR:1COV) received a €75.00 ($89.29) target price from investment analysts at Commerzbank Ag in a research note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock.

A number of other equities analysts have also commented on 1COV. Deutsche Bank AG set a €83.00 ($98.81) price objective on shares of Covestro AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €58.00 ($69.05) price objective on shares of Covestro AG and gave the stock a “sell” rating in a report on Saturday, May 20th. HSBC Holdings plc set a €55.00 ($65.48) price objective on shares of Covestro AG and gave the stock a “sell” rating in a report on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($102.38) price objective on shares of Covestro AG and gave the stock a “buy” rating in a report on Friday, May 26th. Finally, Baader Bank set a €53.00 ($63.10) price objective on shares of Covestro AG and gave the stock a “sell” rating in a report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Covestro AG currently has an average rating of “Hold” and a consensus target price of €72.47 ($86.27).

Covestro AG (ETR:1COV) opened at 67.424 on Wednesday. The company has a 50-day moving average price of €66.09 and a 200 day moving average price of €67.71. Covestro AG has a 12-month low of €42.54 and a 12-month high of €76.40. The stock has a market cap of €13.65 billion and a price-to-earnings ratio of 10.227.

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Covestro AG Company Profile

Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets 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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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