Covestro (ETR:1COV) has been assigned a €65.00 ($75.58) price target by equities research analysts at UBS Group in a research report issued to clients and investors on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 35.76% from the stock’s previous close.
1COV has been the topic of several other reports. Goldman Sachs Group set a €53.00 ($61.63) price target on Covestro and gave the stock a “sell” rating in a research report on Monday, October 22nd. Barclays set a €87.00 ($101.16) target price on shares of Covestro and gave the stock a “neutral” rating in a research note on Tuesday, August 28th. Berenberg Bank set a €63.00 ($73.26) target price on shares of Covestro and gave the stock a “neutral” rating in a research note on Friday, October 26th. Kepler Capital Markets set a €120.00 ($139.53) target price on shares of Covestro and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Finally, Independent Research set a €78.00 ($90.70) target price on shares of Covestro and gave the stock a “neutral” rating in a research note on Thursday, September 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of €74.89 ($87.08).
Shares of 1COV opened at €47.88 ($55.67) on Wednesday. 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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