A number of other research firms also recently weighed in on 1COV. JPMorgan Chase & Co. set a €105.00 ($122.09) price target on Covestro and gave the stock a buy rating in a research note on Monday, July 30th. DZ Bank reaffirmed a neutral rating on shares of Covestro in a research note on Tuesday, July 31st. Credit Suisse Group set a €87.00 ($101.16) price target on Covestro and gave the stock a neutral rating in a research note on Friday, July 27th. Jefferies Financial Group set a €126.00 ($146.51) price target on Covestro and gave the stock a buy rating in a research note on Friday, July 27th. Finally, Commerzbank set a €110.00 ($127.91) price target on Covestro and gave the stock a buy rating in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of €73.11 ($85.01).
1COV stock opened at €47.62 ($55.37) 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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