Other equities analysts have also recently issued reports about the stock. DZ Bank reaffirmed a buy rating on shares of Covestro in a research note on Monday, January 29th. UBS set a €110.00 ($135.80) price target on shares of Covestro and gave the stock a buy rating in a research note on Monday, February 12th. Independent Research set a €94.00 ($116.05) price target on shares of Covestro and gave the stock a neutral rating in a research note on Friday, January 12th. Societe Generale set a €96.00 ($118.52) price target on shares of Covestro and gave the stock a neutral rating in a research note on Thursday, January 11th. Finally, Commerzbank set a €110.00 ($135.80) price target on shares of Covestro and gave the stock a buy rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of €92.35 ($114.02).
Shares of 1COV stock traded down €1.10 ($1.36) during trading hours on Friday, reaching €80.16 ($98.96). 842,343 shares of the stock were exchanged, compared to its average volume of 917,794. 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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