Covestro Aktiengesellschaft (ETR:1COV) received a €100.00 ($119.05) target price from stock analysts at JPMorgan Chase & Co. in a research note issued on Monday. The firm currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 8.70% from the stock’s current price.
1COV has been the topic of several other research reports. Kepler Capital Markets set a €96.00 ($114.29) target price on shares of Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Wednesday, October 18th. Societe Generale set a €80.00 ($95.24) target price on shares of Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research note on Friday, December 1st. Baader Bank set a €70.00 ($83.33) price objective on shares of Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Morgan Stanley set a €82.00 ($97.62) price objective on shares of Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group set a €113.00 ($134.52) price objective on shares of Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research note on Wednesday, November 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €87.31 ($103.94).
Covestro Aktiengesellschaft (1COV) traded up €1.24 ($1.48) during midday trading on Monday, reaching €92.00 ($109.52). 4,468,265 shares of the company were exchanged, compared to its average volume of 614,474. The stock has a market capitalization of $18,380.00 and a P/E ratio of 11.89. Covestro Aktiengesellschaft has a 1-year low of €61.95 ($73.75) and a 1-year high of €91.26 ($108.64).
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About Covestro Aktiengesellschaft
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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