Baader Bank Analysts Give Covestro AG (1COV) a €70.00 Price Target

Baader Bank set a €70.00 ($83.33) price objective on Covestro AG (ETR:1COV) in a research note released on Wednesday morning. The brokerage currently has a neutral rating on the stock.

1COV has been the subject of a number of other reports. UBS AG set a €85.00 ($101.19) price objective on Covestro AG and gave the stock a buy rating in a report on Tuesday, July 25th. Deutsche Bank AG set a €83.00 ($98.81) price objective on Covestro AG and gave the stock a buy rating in a report on Saturday, May 20th. Commerzbank Ag set a €78.00 ($92.86) price objective on Covestro AG and gave the stock a neutral rating in a report on Tuesday, July 25th. J P Morgan Chase & Co set a €60.00 ($71.43) price objective on Covestro AG and gave the stock a sell rating in a report on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) set a €58.00 ($69.05) price objective on Covestro AG and gave the stock a sell rating in a report on Friday, June 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of €73.07 ($86.98).

Shares of Covestro AG (ETR:1COV) opened at 69.801 on Wednesday. The firm has a market capitalization of €14.13 billion and a PE ratio of 10.587. The stock has a 50 day moving average price of €66.38 and a 200 day moving average price of €67.72. Covestro AG has a 12-month low of €44.44 and a 12-month high of €76.40.

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About Covestro AG

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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