Goldman Sachs Group, Inc. (The) Reiterates €58.00 Price Target for Covestro AG (1COV)

Covestro AG (ETR:1COV) has been given a €58.00 ($68.24) target price by stock analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Wednesday, July 26th. The brokerage currently has a “sell” rating on the stock.

Several other equities analysts also recently weighed in on the company. 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. HSBC Holdings plc set a €55.00 ($64.71) target price on Covestro AG and gave the company 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 company a “buy” rating in a research note on Friday, May 26th. Baader Bank set a €53.00 ($62.35) price objective on Covestro AG and gave the company a “sell” rating in a research note on Friday, June 2nd. Finally, Kepler Capital Markets set a €85.00 ($100.00) price objective on Covestro AG and gave the company a “buy” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Covestro AG currently has an average rating of “Hold” and a consensus target price of €71.67 ($84.31).

Covestro AG (1COV) traded up 1.938% during trading on Wednesday, reaching €66.576. 856 shares of the company traded hands. The firm’s 50 day moving average price is €65.20 and its 200 day moving average price is €68.34. Covestro AG has a 12-month low of €41.66 and a 12-month high of €76.40. The firm has a market capitalization of €13.48 billion and a price-to-earnings ratio of 10.098.

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Covestro AG Company Profile

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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