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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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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