Covestro (ETR:1COV) has been given a €90.00 ($111.11) price objective by equities researchers at Baader Bank in a report issued on Tuesday. The firm currently has a “neutral” rating on the stock. Baader Bank’s price target points to a potential upside of 0.02% from the stock’s previous close.
1COV has been the topic of several other research reports. Barclays set a €78.00 ($96.30) target price on Covestro and gave the company a “neutral” rating in a research report on Monday, November 27th. Jefferies Group set a €113.00 ($139.51) price objective on Covestro and gave the company a “buy” rating in a report on Wednesday, November 29th. DZ Bank reiterated a “buy” rating on shares of Covestro in a report on Tuesday, October 24th. Kepler Capital Markets set a €96.00 ($118.52) price objective on Covestro and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Commerzbank set a €100.00 ($123.46) price objective on Covestro and gave the company a “buy” rating in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Covestro has a consensus rating of “Hold” and a consensus price target of €89.76 ($110.82).
Shares of Covestro (ETR 1COV) opened at €89.98 ($111.09) on Tuesday. The stock has a market capitalization of $18,230.00 and a price-to-earnings ratio of 11.63. Covestro has a 52-week low of €61.95 ($76.48) and a 52-week high of €96.32 ($118.91).
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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.
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