Nord/LB Analysts Give Covestro (ETR:1COV) a €42.00 Price Target

Nord/LB set a €42.00 ($48.84) target price on Covestro (ETR:1COV) in a research note published on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Berenberg Bank set a €50.00 ($58.14) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. set a €52.00 ($60.47) price objective on shares of Covestro and gave the stock a buy rating in a research report on Friday, October 25th. Jefferies Financial Group set a €57.00 ($66.28) price objective on shares of Covestro and gave the stock a buy rating in a research report on Monday. UBS Group set a €42.00 ($48.84) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Monday. Finally, Barclays set a €54.00 ($62.79) price objective on shares of Covestro and gave the stock a buy rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of €49.68 ($57.77).

ETR 1COV opened at €43.05 ($50.06) on Tuesday. Covestro has a twelve month low of €37.30 ($43.37) and a twelve month high of €61.48 ($71.49). The company has a debt-to-equity ratio of 43.09, a quick ratio of 1.17 and a current ratio of 2.02. The stock has a market cap of $7.83 billion and a price-to-earnings ratio of 8.46. The firm’s 50 day moving average price is €44.75 and its two-hundred day moving average price is €43.57.

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.

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Analyst Recommendations for Covestro (ETR:1COV)

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