Goldman Sachs Group set a €53.00 ($61.63) target price on Covestro (ETR:1COV) in a report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. UBS Group set a €41.00 ($47.67) price target on Covestro and gave the company a neutral rating in a research report on Monday, September 2nd. Credit Suisse Group set a €46.50 ($54.07) price target on Covestro and gave the company a neutral rating in a research report on Thursday, July 25th. Deutsche Bank set a €60.00 ($69.77) price target on Covestro and gave the company a buy rating in a research report on Thursday, July 25th. Commerzbank set a €48.00 ($55.81) price target on Covestro and gave the company a neutral rating in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group set a €57.00 ($66.28) price target on Covestro and gave the company a buy rating in a research report on Monday, September 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Covestro presently has a consensus rating of Hold and an average price target of €50.72 ($58.98).
ETR:1COV opened at €44.96 ($52.28) on Wednesday. The firm has a market capitalization of $8.21 billion and a price-to-earnings ratio of 8.83. Covestro has a 1-year low of €37.30 ($43.37) and a 1-year high of €73.88 ($85.91). The company has a current ratio of 2.02, a quick ratio of 1.17 and a debt-to-equity ratio of 43.09. The business’s fifty day moving average price is €40.77 and its 200 day moving average price is €44.59.
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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