Covestro (ETR:1COV) Stock Rating Reaffirmed by DZ Bank

Covestro (ETR:1COV)‘s stock had its “neutral” rating reissued by stock analysts at DZ Bank in a note issued to investors on Monday, Borsen Zeitung reports.

A number of other equities analysts have also commented on 1COV. Deutsche Bank set a €45.00 ($50.56) price target on shares of Covestro and gave the stock a “buy” rating in a report on Thursday, April 30th. Kepler Capital Markets set a €28.00 ($31.46) price target on shares of Covestro and gave the stock a “sell” rating in a report on Thursday, May 28th. Credit Suisse Group set a €36.00 ($40.45) price target on shares of Covestro and gave the stock a “buy” rating in a report on Thursday, April 30th. Independent Research set a €33.00 ($37.08) price target on shares of Covestro and gave the stock a “neutral” rating in a report on Friday, May 22nd. Finally, Goldman Sachs Group set a €41.00 ($46.07) price target on shares of Covestro and gave the stock a “buy” rating in a report on Thursday, June 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of €36.35 ($40.85).

Shares of ETR:1COV opened at €34.32 ($38.56) on Monday. The company’s fifty day moving average price is €32.74 and its 200-day moving average price is €34.92. The firm has a market capitalization of $6.28 billion and a price-to-earnings ratio of 15.96. Covestro has a one year low of €23.54 ($26.45) and a one year high of €48.18 ($54.13). The company has a debt-to-equity ratio of 44.14, a current ratio of 2.11 and a quick ratio of 1.31.

Covestro Company Profile

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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