JPMorgan Chase & Co. Analysts Give Covestro (ETR:1COV) a €24.00 Price Target

JPMorgan Chase & Co. set a €24.00 ($27.91) target price on Covestro (ETR:1COV) in a research note released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on 1COV. Baader Bank set a €41.00 ($47.67) price objective on Covestro and gave the stock a buy rating in a research note on Thursday, February 20th. Nord/LB set a €40.00 ($46.51) price objective on Covestro and gave the stock a neutral rating in a research note on Wednesday, February 19th. Jefferies Financial Group set a €40.00 ($46.51) price objective on Covestro and gave the stock a buy rating in a research note on Monday, March 16th. UBS Group set a €39.00 ($45.35) price objective on Covestro and gave the stock a neutral rating in a research note on Monday, March 9th. Finally, Independent Research set a €44.00 ($51.16) price objective on Covestro and gave the stock a neutral rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of €41.86 ($48.68).

Shares of Covestro stock opened at €29.60 ($34.42) on Tuesday. The company has a quick ratio of 1.27, a current ratio of 2.21 and a debt-to-equity ratio of 33.16. Covestro has a twelve month low of €27.07 ($31.48) and a twelve month high of €55.78 ($64.86). The business has a 50-day moving average price of €33.76 and a 200 day moving average price of €40.68. The firm has a market cap of $5.41 billion and a PE ratio of 9.80.

About Covestro

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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Analyst Recommendations for Covestro (ETR:1COV)

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