Baader Bank Reiterates “€90.00” Price Target for Covestro (1COV)

Covestro (ETR:1COV) has been given a €90.00 ($111.11) target price by stock analysts at Baader Bank in a report released on Tuesday. The firm currently has a “neutral” rating on the stock. Baader Bank’s target price would suggest a potential upside of 11.22% from the company’s previous close.

1COV has been the subject of a number of other research reports. JPMorgan Chase reaffirmed a “buy” rating and set a target price on shares of Covestro in a report on Wednesday, March 14th. UBS set a €110.00 ($135.80) target price on Covestro and gave the company a “buy” rating in a report on Monday, April 9th. Citigroup set a €81.00 ($100.00) target price on Covestro and gave the company a “neutral” rating in a report on Tuesday, March 20th. Independent Research set a €105.00 ($129.63) target price on Covestro and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Nord/LB set a €92.00 ($113.58) target price on Covestro and gave the company a “neutral” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Covestro currently has an average rating of “Hold” and a consensus target price of €92.35 ($114.02).

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1COV stock traded up €2.36 ($2.91) during mid-day trading on Tuesday, reaching €80.92 ($99.90). 1,264,657 shares of the company traded hands, compared to its average volume of 917,794. 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 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 (ETR:1COV)

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