Covestro AG (ETR:1COV) has been given a €58.00 ($66.67) target price by Goldman Sachs Group, Inc. (The) in a report issued on Friday. The brokerage presently has a “sell” rating on the stock.
Several other research analysts have also commented on 1COV. UBS AG set a €85.00 ($97.70) target price on Covestro AG and gave the stock a “buy” rating in a research report on Tuesday, June 6th. DZ Bank AG reiterated a “buy” rating on shares of Covestro AG in a research report on Thursday, July 6th. J P Morgan Chase & Co set a €60.00 ($68.97) target price on Covestro AG and gave the stock a “sell” rating in a research report on Friday, June 30th. Deutsche Bank AG set a €83.00 ($95.40) target price on Covestro AG and gave the stock a “buy” rating in a research report on Thursday, July 6th. Finally, Citigroup Inc. set a €62.00 ($71.26) target price on Covestro AG and gave the stock a “neutral” rating in a research report on Friday, June 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of €72.46 ($83.29).
Shares of Covestro AG (1COV) opened at 65.289 on Friday. The firm has a 50-day moving average price of €65.70 and a 200-day moving average price of €68.36. The stock has a market cap of €13.22 billion and a PE ratio of 12.236. Covestro AG has a 52 week low of €38.32 and a 52 week high of €76.40.
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About Covestro AG
Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.
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