Covestro (ETR:1COV) Given a €39.00 Price Target by UBS Group Analysts

Covestro (ETR:1COV) received a €39.00 ($45.88) target price from UBS Group in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. UBS Group’s price target would suggest a potential downside of 11.84% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Goldman Sachs Group set a €67.00 ($78.82) price objective on shares of Covestro and gave the stock a “buy” rating in a research note on Friday, September 18th. JPMorgan Chase & Co. set a €40.00 ($47.06) price objective on shares of Covestro and gave the company a “neutral” rating in a report on Friday, September 18th. Baader Bank set a €48.00 ($56.47) price target on shares of Covestro and gave the company a “buy” rating in a research note on Monday. Berenberg Bank set a €36.00 ($42.35) price objective on Covestro and gave the company a “neutral” rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group set a €55.00 ($64.71) price target on Covestro and gave the company a “buy” rating in a research note on Friday, September 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of €44.83 ($52.75).

Covestro stock opened at €44.24 ($52.05) on Wednesday. The firm has a 50-day moving average of €40.13 and a two-hundred day moving average of €34.01. The company has a debt-to-equity ratio of 63.67, a current ratio of 2.83 and a quick ratio of 1.88. The stock has a market cap of $8.09 billion and a price-to-earnings ratio of 53.24. Covestro has a 1 year low of €23.54 ($27.69) and a 1 year high of €48.18 ($56.68).

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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