Jefferies Financial Group set a €57.00 ($66.28) target price on Covestro (ETR:1COV) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. Barclays set a €52.00 ($60.47) price objective on Covestro and gave the company a buy rating in a research report on Tuesday, July 30th. Independent Research set a €46.00 ($53.49) price objective on Covestro and gave the company a neutral rating in a research report on Wednesday, July 24th. DZ Bank reiterated a sell rating on shares of Covestro in a research report on Thursday, July 25th. UBS Group set a €41.00 ($47.67) price objective on Covestro and gave the company a neutral rating in a research report on Monday, September 2nd. Finally, Kepler Capital Markets set a €50.00 ($58.14) price objective on Covestro and gave the company a buy rating in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of €50.72 ($58.98).
Shares of 1COV opened at €45.40 ($52.79) on Monday. The firm has a market capitalization of $8.29 billion and a price-to-earnings ratio of 8.92. 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 business’s fifty day moving average price is €40.69 and its two-hundred day moving average price is €44.62. Covestro has a 52 week low of €37.30 ($43.37) and a 52 week high of €73.88 ($85.91).
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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