A number of other brokerages have also recently issued reports on 1COV. UBS set a €95.00 ($117.28) target price on Covestro and gave the stock a buy rating in a report on Thursday, December 7th. Citigroup reiterated a neutral rating on shares of Covestro in a report on Wednesday, February 14th. Kepler Capital Markets set a €112.00 ($138.27) target price on Covestro and gave the stock a buy rating in a report on Thursday, December 21st. JPMorgan Chase & Co. reiterated a buy rating and issued a target price on shares of Covestro in a report on Wednesday, March 14th. Finally, Societe Generale set a €80.00 ($98.77) target price on Covestro and gave the stock a neutral rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of €92.76 ($114.52).
Covestro stock opened at €81.86 ($101.06) on Thursday. Covestro has a twelve month low of €61.95 ($76.48) and a twelve month high of €96.32 ($118.91). The stock has a market capitalization of $16,860.00 and a price-to-earnings ratio of 8.24.
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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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