A number of other equities analysts also recently weighed in on the stock. Goldman Sachs Group reissued a sell rating on shares of Covestro in a report on Monday. Commerzbank set a €94.00 ($109.30) price target on shares of Covestro and gave the stock a buy rating in a report on Thursday, November 1st. UBS Group set a €65.00 ($75.58) price target on shares of Covestro and gave the stock a buy rating in a report on Tuesday, October 30th. Credit Suisse Group set a €69.00 ($80.23) price target on shares of Covestro and gave the stock a neutral rating in a report on Friday, October 26th. Finally, Berenberg Bank set a €63.00 ($73.26) price target on shares of Covestro and gave the stock a neutral rating in a report on Friday, October 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of €81.61 ($94.90).
Shares of ETR:1COV opened at €58.00 ($67.44) on Monday. Covestro has a fifty-two week low of €61.95 ($72.03) and a fifty-two week high of €96.32 ($112.00).
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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