Covestro (1COV) Given a €52.00 Price Target by Independent Research Analysts

Covestro (ETR:1COV) has been given a €52.00 ($60.47) price target by equities research analysts at Independent Research in a research note issued on Monday, February 25th. The firm currently has a “neutral” rating on the stock. Independent Research’s target price would suggest a potential upside of 10.36% from the company’s previous close.

A number of other brokerages have also recently issued reports on 1COV. JPMorgan Chase & Co. set a €62.00 ($72.09) target price on shares of Covestro and gave the company 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. 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. Finally, Commerzbank set a €65.00 ($75.58) target price on shares of Covestro and gave the stock a “buy” rating in a report on Wednesday, November 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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.

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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