Covestro AG (ETR:1COV) Given a €70.00 Price Target at Nord/LB

Covestro AG (ETR:1COV) received a €70.00 ($82.35) target price from Nord/LB in a note issued to investors on Tuesday, July 25th. The firm presently has a “neutral” rating on the stock.

A number of other brokerages have also commented on 1COV. Kepler Capital Markets set a €90.00 ($105.88) price target on shares of Covestro AG and gave the stock a “buy” rating in a report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price target on shares of Covestro AG and gave the stock a “sell” rating in a report on Wednesday, June 21st. UBS AG set a €85.00 ($100.00) price target on shares of Covestro AG and gave the stock a “buy” rating in a report on Monday, June 12th. Baader Bank set a €53.00 ($62.35) price target on shares of Covestro AG and gave the stock a “sell” rating in a report on Thursday, June 8th. Finally, Deutsche Bank AG set a €83.00 ($97.65) price target on shares of Covestro AG and gave the stock a “buy” rating in a report on Friday, June 2nd. Four 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. Covestro AG has a consensus rating of “Hold” and a consensus price target of €71.67 ($84.31).

Covestro AG (ETR 1COV) traded up 2.093% on Tuesday, reaching €67.473. 645 shares of the company traded hands. Covestro AG has a 52-week low of €41.66 and a 52-week high of €76.40. The company has a market capitalization of €13.66 billion and a PE ratio of 10.234. The stock has a 50-day moving average of €65.22 and a 200 day moving average of €68.29.

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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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