Covestro AG (1COV) Receives Average Rating of “Hold” from Brokerages

Covestro AG (ETR:1COV) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is €71.67 ($84.31).

A number of equities analysts have issued reports on 1COV shares. UBS AG set a €85.00 ($100.00) target price on Covestro AG and gave the stock a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG set a €83.00 ($97.65) target price on Covestro AG and gave the stock a “buy” rating in a report on Saturday, May 20th. Commerzbank Ag set a €78.00 ($91.76) price objective on shares of Covestro AG and gave the stock a “neutral” rating in a research note on Tuesday, July 25th. Baader Bank set a €70.00 ($82.35) target price on shares of Covestro AG and gave the company a “neutral” rating in a research note on Tuesday, July 25th. Finally, J P Morgan Chase & Co set a €60.00 ($70.59) target price on shares of Covestro AG and gave the company a “sell” rating in a research note on Wednesday, July 26th.

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Shares of Covestro AG (1COV) traded down 1.12% during midday trading on Monday, reaching €64.57. The company’s stock had a trading volume of 291 shares. Covestro AG has a 1-year low of €41.66 and a 1-year high of €76.40. The firm has a market capitalization of €13.08 billion and a PE ratio of 9.79. The company’s 50-day moving average price is €65.25 and its 200 day moving average price is €68.42.

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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