Covestro AG (1COV) Given Average Recommendation of “Hold” by Analysts

Covestro AG (ETR:1COV) has received an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is €71.57 ($85.20).

1COV has been the subject of several analyst reports. Kepler Capital Markets set a €90.00 ($107.14) price target on Covestro AG and gave the stock a “buy” rating in a research note on Tuesday, August 29th. HSBC Holdings plc set a €55.00 ($65.48) price objective on Covestro AG and gave the stock a “sell” rating in a report on Wednesday, May 24th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Covestro AG in a report on Friday, August 25th. Jefferies Group LLC set a €86.00 ($102.38) price objective on Covestro AG and gave the stock a “buy” rating in a report on Friday, May 26th. Finally, Barclays PLC set a €69.00 ($82.14) price objective on Covestro AG and gave the stock a “neutral” rating in a report on Monday, August 7th.

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Shares of Covestro AG (ETR 1COV) traded down 2.045% during midday trading on Tuesday, hitting €63.897. 6,999 shares of the stock were exchanged. The company has a market cap of €12.94 billion and a price-to-earnings ratio of 9.692. Covestro AG has a one year low of €42.54 and a one year high of €76.40. The firm has a 50 day moving average of €66.09 and a 200-day moving average of €67.71.

About Covestro AG

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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