Covestro AG (ETR:1COV) PT Set at €70.00 by Nord/LB

Covestro AG (ETR:1COV) has been given a €70.00 ($82.35) price objective by equities researchers at Nord/LB in a report released on Tuesday, July 25th. The firm presently has a “neutral” rating on the stock.

A number of other analysts have also recently issued reports on 1COV. Deutsche Bank AG set a €83.00 ($97.65) target price on Covestro AG and gave the company a “buy” rating in a research report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price objective on Covestro AG and gave the stock a “sell” rating in a research report on Saturday, May 20th. HSBC Holdings plc set a €55.00 ($64.71) price objective on Covestro AG and gave the stock a “sell” rating in a research report on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($101.18) price objective on Covestro AG and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Baader Bank set a €53.00 ($62.35) price objective on Covestro AG and gave the stock a “sell” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €71.67 ($84.31).

Covestro AG (ETR:1COV) opened at 64.57 on Tuesday. The stock has a 50 day moving average price of €65.18 and a 200 day moving average price of €68.41. Covestro AG has a 52 week low of €41.66 and a 52 week high of €76.40. The stock has a market capitalization of €13.08 billion and a PE ratio of 9.79.

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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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