Covestro (ETR:1COV) has been assigned a €102.00 ($118.60) target price by research analysts at Deutsche Bank in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 43.34% from the company’s current price.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. set a €105.00 ($122.09) price objective on Covestro and gave the stock a “buy” rating in a report on Tuesday, June 26th. UBS Group restated a “buy” rating and set a price objective on shares of Covestro in a report on Wednesday, July 11th. Commerzbank set a €110.00 ($127.91) price objective on Covestro and gave the stock a “buy” rating in a report on Friday, July 13th. Independent Research set a €86.00 ($100.00) price objective on Covestro and gave the stock a “neutral” rating in a report on Thursday, July 26th. Finally, Kepler Capital Markets set a €120.00 ($139.53) target price on Covestro and gave the stock a “buy” rating in a research report on Friday, June 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of €93.17 ($108.33).
1COV stock opened at €71.16 ($82.74) on Thursday. Covestro has a 52-week low of €61.95 ($72.03) and a 52-week high of €96.32 ($112.00).
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.
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