A number of other equities analysts have also issued reports on the company. JPMorgan Chase set a €100.00 ($123.46) target price on Covestro and gave the company a buy rating in a research report on Monday, January 15th. Deutsche Bank set a €100.00 ($123.46) target price on Covestro and gave the company a buy rating in a research report on Thursday, January 4th. Kepler Capital Markets set a €112.00 ($138.27) target price on Covestro and gave the company a buy rating in a research report on Tuesday, January 2nd. Barclays set a €78.00 ($96.30) target price on Covestro and gave the company a neutral rating in a research report on Tuesday, February 20th. Finally, DZ Bank reaffirmed a buy rating on shares of Covestro in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Covestro has a consensus rating of Hold and a consensus target price of €92.35 ($114.02).
Covestro stock opened at €81.10 ($100.12) on Tuesday. Covestro has a one year low of €61.95 ($76.48) and a one year high of €96.32 ($118.91).
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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