JPMorgan Chase & Co. set a €50.00 ($58.14) price target on Covestro (ETR:1COV) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on the stock. Berenberg Bank set a €44.00 ($51.16) price target on shares of Covestro and gave the stock a neutral rating in a report on Tuesday, January 14th. Barclays set a €50.00 ($58.14) price target on shares of Covestro and gave the stock a buy rating in a report on Tuesday, January 14th. Jefferies Financial Group set a €50.00 ($58.14) price target on shares of Covestro and gave the stock a buy rating in a report on Wednesday, January 8th. DZ Bank reissued a sell rating on shares of Covestro in a report on Wednesday, January 8th. Finally, Baader Bank set a €41.00 ($47.67) price target on shares of Covestro and gave the stock a buy rating in a report on Monday, January 20th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of €45.61 ($53.04).
1COV stock opened at €39.76 ($46.23) on Wednesday. The company has a debt-to-equity ratio of 34.70, a quick ratio of 1.25 and a current ratio of 2.26. Covestro has a 52 week low of €37.30 ($43.37) and a 52 week high of €55.78 ($64.86). The firm’s fifty day moving average is €41.43 and its 200 day moving average is €42.52. The firm has a market cap of $7.26 billion and a P/E ratio of 12.26.
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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