Kepler Capital Markets Reiterates “€120.00” Price Target for Covestro (1COV)

Kepler Capital Markets set a €120.00 ($139.53) price objective on Covestro (ETR:1COV) in a research report released on Wednesday. The firm currently has a buy rating on the stock.

1COV has been the subject of several other research reports. Deutsche Bank set a €102.00 ($118.60) target price on shares of Covestro and gave the stock a buy rating in a research note on Friday, June 15th. Goldman Sachs Group set a €69.00 ($80.23) target price on shares of Covestro and gave the stock a sell rating in a research note on Tuesday, June 19th. Jefferies Financial Group set a €126.00 ($146.51) target price on shares of Covestro and gave the stock a buy rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. set a €105.00 ($122.09) target price on shares of Covestro and gave the stock a buy rating in a research note on Tuesday, June 26th. Finally, Baader Bank set a €84.00 ($97.67) target price on shares of Covestro and gave the stock a buy rating in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Covestro presently has an average rating of Hold and a consensus price target of €93.33 ($108.53).

ETR 1COV opened at €61.78 ($71.84) on Wednesday. Covestro has a 52-week low of €61.95 ($72.03) and a 52-week high of €96.32 ($112.00).

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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