Covestro (ETR:1COV) has been assigned a €53.00 ($61.63) price objective by investment analysts at Credit Suisse Group in a research note issued on Monday, February 25th. The firm currently has a “neutral” rating on the stock. Credit Suisse Group’s price target would suggest a potential upside of 12.48% from the company’s current price.
A number of other brokerages have also recently issued reports on 1COV. Independent Research set a €53.00 ($61.63) target price on shares of Covestro and gave the company a “neutral” rating in a report on Wednesday, November 21st. JPMorgan Chase & Co. set a €62.00 ($72.09) target price on shares of Covestro and gave the stock a “buy” rating in a report on Tuesday, November 20th. Kepler Capital Markets set a €57.00 ($66.28) target price on shares of Covestro and gave the stock a “buy” rating in a report on Tuesday, February 12th. DZ Bank reaffirmed a “neutral” rating on shares of Covestro in a report on Monday, February 25th. Finally, UBS Group set a €51.00 ($59.30) target price on shares of Covestro and gave the stock a “neutral” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of €60.00 ($69.77).
Shares of Covestro stock traded down €0.41 ($0.48) during trading hours on Monday, reaching €47.12 ($54.79). 1,714,087 shares of the company’s stock were exchanged, compared to its average volume of 917,794. Covestro has a fifty-two week low of €41.42 ($48.16) and a fifty-two week high of €89.70 ($104.30). The company has a debt-to-equity ratio of 21.57, a current ratio of 2.19 and a quick ratio of 1.33. The company has a market cap of $9.01 billion and a price-to-earnings ratio of 4.02.
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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