Covestro AG (1COV) PT Set at €70.00 by Baader Bank

Baader Bank set a €70.00 ($82.35) target price on Covestro AG (ETR:1COV) in a research report report published on Wednesday. The firm currently has a neutral rating on the stock.

A number of other analysts have also commented on 1COV. Independent Research GmbH set a €75.00 ($88.24) price objective on Covestro AG and gave the stock a neutral rating in a research report on Monday, October 16th. Citigroup Inc. set a €70.00 ($82.35) price objective on Covestro AG and gave the stock a neutral rating in a research report on Wednesday, September 27th. BNP Paribas set a €66.00 ($77.65) price objective on Covestro AG and gave the stock a sell rating in a research report on Thursday, October 12th. Deutsche Bank AG set a €85.00 ($100.00) price objective on Covestro AG and gave the stock a buy rating in a research report on Thursday, September 28th. Finally, Barclays PLC set a €69.00 ($81.18) price objective on Covestro AG and gave the stock a neutral rating in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of €74.73 ($87.92).

Shares of Covestro AG (1COV) opened at 72.78 on Wednesday. The firm has a 50-day moving average of €69.82 and a 200-day moving average of €68.11. The firm has a market capitalization of €14.74 billion and a P/E ratio of 11.04. Covestro AG has a one year low of €50.70 and a one year 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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