Covestro (ETR:1COV) Stock Rating Reaffirmed by Goldman Sachs Group

Covestro (ETR:1COV)‘s stock had its “buy” rating reiterated by analysts at Goldman Sachs Group in a report released on Monday, Borsen Zeitung reports.

Several other analysts have also commented on the stock. DZ Bank reaffirmed a “sell” rating on shares of Covestro in a research report on Monday, October 28th. Kepler Capital Markets set a €49.00 ($56.98) target price on shares of Covestro and gave the company a “buy” rating in a research note on Tuesday, November 5th. Baader Bank set a €42.00 ($48.84) target price on shares of Covestro and gave the company a “sell” rating in a research report on Tuesday, November 5th. HSBC set a €38.00 ($44.19) price target on shares of Covestro and gave the stock a “sell” rating in a research note on Tuesday, November 12th. Finally, Credit Suisse Group set a €46.50 ($54.07) price target on shares of Covestro and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of €47.53 ($55.26).

1COV opened at €42.03 ($48.87) on Monday. The firm has a market cap of $7.64 billion and a P/E ratio of 12.96. The firm has a 50-day moving average of €44.57 and a 200 day moving average of €42.73. The company has a debt-to-equity ratio of 34.70, a quick ratio of 1.25 and a current ratio of 2.26. Covestro has a fifty-two week low of €37.30 ($43.37) and a fifty-two week high of €55.78 ($64.86).

Covestro Company Profile

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.

Featured Article: What is a Reverse Stock Split?

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.