Covestro (ETR:1COV) has been given a €42.00 ($48.84) target price by analysts at Baader Bank in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. Baader Bank’s price target indicates a potential upside of 9.01% from the stock’s current price.
Several other equities analysts have also commented on 1COV. Deutsche Bank set a €60.00 ($69.77) price target on shares of Covestro and gave the stock a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley set a €55.00 ($63.95) price target on shares of Covestro and gave the stock a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on shares of Covestro and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Barclays set a €52.00 ($60.47) price target on shares of Covestro and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Independent Research set a €46.00 ($53.49) price target on shares of Covestro and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of €51.81 ($60.24).
Shares of 1COV stock opened at €38.53 ($44.80) on Tuesday. Covestro has a one year low of €38.41 ($44.66) and a one year high of €80.16 ($93.21). The company has a quick ratio of 1.17, a current ratio of 2.02 and a debt-to-equity ratio of 43.09. The stock’s 50 day moving average is €41.92. The firm has a market capitalization of $7.04 billion and a price-to-earnings ratio of 7.57.
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.
Featured Story: Moving Average – How it Helps Investors in Stock Selection
Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.