UBS Group set a €95.00 ($113.10) target price on Covestro Aktiengesellschaft (ETR:1COV) in a research note issued to investors on Thursday, December 7th, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
1COV has been the topic of several other research reports. Kepler Capital Markets set a €90.00 ($107.14) target price on shares of Covestro Aktiengesellschaft and gave the stock a buy rating in a research note on Tuesday, August 29th. Deutsche Bank reaffirmed a buy rating on shares of Covestro Aktiengesellschaft in a research note on Friday, August 25th. Commerzbank set a €75.00 ($89.29) target price on shares of Covestro Aktiengesellschaft and gave the stock a neutral rating in a research note on Wednesday, September 13th. JPMorgan Chase & Co. set a €60.00 ($71.43) target price on shares of Covestro Aktiengesellschaft and gave the stock a sell rating in a research note on Thursday, September 28th. Finally, Morgan Stanley set a €74.00 ($88.10) price target on shares of Covestro Aktiengesellschaft and gave the company a neutral rating in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of €85.06 ($101.26).
Covestro Aktiengesellschaft (ETR 1COV) traded down €0.74 ($0.88) during trading hours on Thursday, hitting €86.03 ($102.42). 308,843 shares of the stock traded hands, compared to its average volume of 1,262. The stock has a market cap of $17,640.00 and a price-to-earnings ratio of 11.11. Covestro Aktiengesellschaft has a 52-week low of €61.07 ($72.70) and a 52-week high of €88.57 ($105.44).
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Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets 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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