Covestro (1COV) Given a €51.00 Price Target by UBS Group Analysts

Covestro (ETR:1COV) has been assigned a €51.00 ($59.30) price objective by stock analysts at UBS Group in a report issued on Monday, February 25th, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 8.23% from the stock’s previous close.

Several other brokerages have also commented on 1COV. Kepler Capital Markets set a €78.00 ($90.70) price target on shares of Covestro and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Commerzbank set a €94.00 ($109.30) price objective on shares of Covestro and gave the company a “buy” rating in a research note on Wednesday, November 21st. Baader Bank set a €48.00 ($55.81) price objective on shares of Covestro and gave the company a “neutral” rating in a research note on Monday, February 25th. Berenberg Bank set a €63.00 ($73.26) target price on shares of Covestro and gave the company a “neutral” rating in a report on Wednesday, December 5th. Finally, Barclays set a €57.00 ($66.28) target price on shares of Covestro and gave the company a “neutral” rating in a report on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of €60.00 ($69.77).

1COV stock traded down €0.41 ($0.48) during midday trading on Monday, hitting €47.12 ($54.79). The company’s stock had a trading volume of 1,714,087 shares, compared to its average volume of 917,794. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 21.57. Covestro has a 52-week low of €41.42 ($48.16) and a 52-week high of €89.70 ($104.30). The stock has a market capitalization of $9.01 billion and a PE 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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