Several other brokerages also recently weighed in on 1COV. DZ Bank restated a buy rating on shares of Covestro in a research report on Thursday, February 22nd. Credit Suisse Group set a €94.00 ($116.05) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Friday, January 26th. Deutsche Bank set a €104.00 ($128.40) price objective on shares of Covestro and gave the stock a buy rating in a research report on Wednesday, February 21st. UBS set a €110.00 ($135.80) price objective on shares of Covestro and gave the stock a buy rating in a research report on Wednesday, January 24th. Finally, Nord/LB set a €92.00 ($113.58) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €92.76 ($114.52).
Shares of Covestro (ETR 1COV) opened at €81.86 ($101.06) on Tuesday. The firm has a market cap of $16,860.00 and a P/E ratio of 8.24. Covestro has a 12-month low of €61.95 ($76.48) and a 12-month high of €96.32 ($118.91).
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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