UBS Group Reiterates €43.00 Price Target for Covestro (ETR:1COV)

UBS Group set a €43.00 ($50.00) target price on Covestro (ETR:1COV) in a research report report published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Kepler Capital Markets set a €55.00 ($63.95) target price on shares of RTL Group and gave the stock a buy rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research note on Friday, July 5th. Barclays downgraded shares of Buckeye Partners from an overweight rating to an equal weight rating in a research note on Monday, May 13th. HSBC set a €54.00 ($62.79) target price on shares of ADO Properties and gave the stock a neutral rating in a research note on Wednesday, May 29th. Finally, Jefferies Financial Group upped their target price on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Two 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 presently has an average rating of Hold and a consensus price target of €53.72 ($62.47).

Shares of ETR 1COV opened at €41.26 ($47.98) on Thursday. The business has a 50 day moving average price of €42.14. The company has a market capitalization of $7.48 billion and a P/E ratio of 5.73. Covestro has a 52-week low of €38.43 ($44.69) and a 52-week high of €83.98 ($97.65). The company has a current ratio of 2.17, a quick ratio of 1.27 and a debt-to-equity ratio of 33.57.

About Covestro

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.

Recommended Story: What are no-load funds?

Analyst Recommendations for Covestro (ETR:1COV)

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.