Several other research firms have also recently weighed in on 1COV. Goldman Sachs Group set a €52.00 ($60.47) price objective on shares of Covestro and gave the company a sell rating in a research report on Tuesday, November 20th. Deutsche Bank set a €64.00 ($74.42) price objective on shares of Covestro and gave the company a buy rating in a research report on Tuesday, February 26th. Jefferies Financial Group set a €68.00 ($79.07) price objective on shares of Covestro and gave the company a buy rating in a research report on Friday, March 1st. Berenberg Bank set a €50.00 ($58.14) target price on shares of Covestro and gave the stock a neutral rating in a research report on Wednesday, December 19th. Finally, DZ Bank reiterated a neutral rating on shares of Covestro in a research report on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. Covestro presently has a consensus rating of Hold and a consensus target price of €60.00 ($69.77).
Covestro stock opened at €49.03 ($57.01) on Wednesday. The company has a debt-to-equity ratio of 21.57, a quick ratio of 1.33 and a current ratio of 2.19. The firm has a market cap of $9.37 billion and a PE ratio of 4.18. Covestro has a fifty-two week low of €41.42 ($48.16) and a fifty-two week high of €89.70 ($104.30).
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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