Covestro AG (1COV) Given a €58.00 Price Target by Goldman Sachs Group, Inc. (The) Analysts

Goldman Sachs Group, Inc. (The) set a €58.00 ($66.67) target price on Covestro AG (ETR:1COV) in a research report sent to investors on Friday. The brokerage currently has a sell rating on the stock.

A number of other research firms have also commented on 1COV. UBS AG set a €85.00 ($97.70) price objective on shares of Covestro AG and gave the stock a buy rating in a research note on Monday, June 12th. Morgan Stanley set a €70.00 ($80.46) price objective on shares of Covestro AG and gave the stock a neutral rating in a research note on Thursday, June 29th. Kepler Capital Markets set a €90.00 ($103.45) price objective on shares of Covestro AG and gave the stock a buy rating in a research note on Monday, July 3rd. J P Morgan Chase & Co set a €60.00 ($68.97) price objective on shares of Covestro AG and gave the stock a sell rating in a research note on Friday, June 30th. Finally, DZ Bank AG reaffirmed a buy rating on shares of Covestro AG in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €72.46 ($83.29).

Covestro AG (1COV) traded up 1.009% during midday trading on Friday, reaching €65.289. The company had a trading volume of 310 shares. The company’s 50 day moving average is €65.70 and its 200-day moving average is €68.36. Covestro AG has a 52-week low of €38.32 and a 52-week high of €76.40. The company has a market capitalization of €13.22 billion and a P/E ratio of 12.236.

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About Covestro AG

Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.

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