Covestro (ETR:1COV) has been given a €55.00 ($63.95) target price by stock analysts at Bank of America in a note issued to investors on Friday. The firm presently has a “neutral” rating on the stock. Bank of America’s price objective points to a potential upside of 15.50% from the stock’s previous close.
1COV has been the topic of a number of other reports. Independent Research set a €53.00 ($61.63) price target on Covestro and gave the stock a “neutral” rating in a report on Wednesday. Credit Suisse Group set a €87.00 ($101.16) price target on Covestro and gave the stock a “neutral” rating in a report on Friday, July 27th. JPMorgan Chase & Co. set a €62.00 ($72.09) price target on Covestro and gave the stock a “buy” rating in a report on Tuesday, November 20th. Kepler Capital Markets set a €120.00 ($139.53) price target on Covestro and gave the stock a “buy” rating in a report on Thursday, October 25th. Finally, Commerzbank set a €94.00 ($109.30) price target on Covestro and gave the stock a “buy” rating in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of €73.11 ($85.01).
Covestro stock opened at €47.62 ($55.37) on Friday. Covestro has a 52-week low of €61.95 ($72.03) and a 52-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.
Further Reading: What is the quiet period?
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.