Berenberg Bank set a €50.00 ($58.14) price target on Covestro (ETR:1COV) in a report issued on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on shares of Covestro and gave the company a buy rating in a research report on Tuesday, July 30th. HSBC set a €45.00 ($52.33) price target on shares of Covestro and gave the company a neutral rating in a research report on Wednesday, May 29th. DZ Bank reiterated a sell rating on shares of Covestro in a research report on Thursday, July 25th. Baader Bank set a €42.00 ($48.84) price target on shares of Covestro and gave the company a sell rating in a research report on Tuesday, August 13th. Finally, Barclays set a €52.00 ($60.47) price target on shares of Covestro and gave the company a buy rating in a research report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of €51.81 ($60.24).
1COV stock opened at €39.70 ($46.16) on Tuesday. The firm has a 50 day moving average of €41.03 and a 200-day moving average of €45.69. Covestro has a 12-month low of €37.30 ($43.37) and a 12-month high of €80.16 ($93.21). The company has a current ratio of 2.02, a quick ratio of 1.17 and a debt-to-equity ratio of 43.09. The company has a market cap of $7.25 billion and a price-to-earnings ratio of 7.80.
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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