Covestro (1COV) Given a €62.00 Price Target at Goldman Sachs Group

Goldman Sachs Group set a €62.00 ($72.09) price target on Covestro (ETR:1COV) in a research note published on Monday morning. The brokerage currently has a sell rating on the stock.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. set a €105.00 ($122.09) price objective on shares of Covestro and gave the company a buy rating in a research note on Wednesday, September 5th. UBS Group set a €110.00 ($127.91) price objective on shares of Covestro and gave the company a buy rating in a research note on Monday, August 20th. Barclays set a €87.00 ($101.16) price objective on shares of Covestro and gave the company a neutral rating in a research note on Tuesday, August 28th. Commerzbank set a €110.00 ($127.91) target price on shares of Covestro and gave the company a buy rating in a research report on Friday, July 27th. Finally, Independent Research set a €78.00 ($90.70) target price on shares of Covestro and gave the company a neutral rating in a research report on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Covestro has an average rating of Hold and a consensus target price of €93.28 ($108.46).

ETR:1COV opened at €66.70 ($77.56) on Monday. Covestro has a 52 week low of €61.95 ($72.03) and a 52 week high of €96.32 ($112.00).

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.

Further Reading: Penny Stocks

Analyst Recommendations for Covestro (ETR:1COV)

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