UBS Group set a €52.00 ($60.47) target price on Covestro (ETR:1COV) in a report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other equities analysts have also recently issued reports about the company. Barclays set a €58.00 ($67.44) price objective on Covestro and gave the company a buy rating in a report on Thursday, March 21st. Deutsche Bank set a €64.00 ($74.42) price objective on Covestro and gave the company a buy rating in a report on Tuesday, April 2nd. Baader Bank set a €48.00 ($55.81) price objective on Covestro and gave the company a sell rating in a report on Thursday, April 11th. JPMorgan Chase & Co. set a €62.00 ($72.09) price objective on Covestro and gave the company a buy rating in a report on Monday, April 29th. Finally, Goldman Sachs Group set a €48.00 ($55.81) price objective on Covestro and gave the company a neutral rating in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of €56.50 ($65.70).
Shares of ETR 1COV opened at €41.08 ($47.77) on Monday. The firm has a market capitalization of $7.85 billion and a price-to-earnings ratio of 5.71. The company has a quick ratio of 1.27, a current ratio of 2.17 and a debt-to-equity ratio of 33.57. Covestro has a fifty-two week low of €41.42 ($48.16) and a fifty-two week high of €83.98 ($97.65).
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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