Jefferies Financial Group set a €60.00 ($70.59) price target on Covestro AG (1COV.F) (ETR:1COV) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft set a €50.00 ($58.82) target price on Covestro AG (1COV.F) and gave the stock a buy rating in a research report on Wednesday, August 19th. Baader Bank set a €48.00 ($56.47) target price on Covestro AG (1COV.F) and gave the stock a buy rating in a research report on Tuesday. Nord/LB set a €45.00 ($52.94) target price on Covestro AG (1COV.F) and gave the stock a neutral rating in a research report on Tuesday. UBS Group set a €37.00 ($43.53) target price on Covestro AG (1COV.F) and gave the stock a sell rating in a research report on Monday, October 19th. Finally, Berenberg Bank set a €47.00 ($55.29) price target on Covestro AG (1COV.F) and gave the stock a neutral rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of €47.71 ($56.13).
Shares of 1COV opened at €40.71 ($47.89) on Thursday. The firm has a market cap of $7.87 billion and a price-to-earnings ratio of 48.35. The stock has a 50 day moving average of €44.10 and a 200-day moving average of €36.58. The company has a current ratio of 2.83, a quick ratio of 1.88 and a debt-to-equity ratio of 63.67. Covestro AG has a 52 week low of €23.54 ($27.69) and a 52 week high of €48.18 ($56.68).
About Covestro AG (1COV.F)
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 an insulating material in the construction industry and in refrigeration chains.
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