UBS Group set a €100.00 ($116.28) target price on Covestro (ETR:1COV) in a research report sent to investors on Wednesday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. set a €105.00 ($122.09) target price on Covestro and gave the stock a buy rating in a research report on Monday, July 2nd. Commerzbank set a €110.00 ($127.91) target price on Covestro and gave the stock a buy rating in a research report on Friday, July 13th. Independent Research set a €86.00 ($100.00) target price on Covestro and gave the stock a neutral rating in a research report on Thursday, July 26th. Deutsche Bank restated a buy rating on shares of Covestro in a research report on Friday, July 27th. Finally, Kepler Capital Markets set a €120.00 ($139.53) target price on Covestro and gave the stock a buy rating in a research report on Friday, June 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of €93.33 ($108.53).
1COV opened at €61.78 ($71.84) on Wednesday. Covestro has a 1-year low of €61.95 ($72.03) and a 1-year high of €96.32 ($112.00).
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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