Covestro AG (1COV) Receives €74.07 Average PT from Analysts

Covestro AG (ETR:1COV) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is €74.20 ($87.29).

A number of equities analysts recently weighed in on 1COV shares. Kepler Capital Markets set a €90.00 ($105.88) target price on shares of Covestro AG and gave the stock a “buy” rating in a report on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) target price on shares of Covestro AG and gave the stock a “sell” rating in a report on Wednesday, June 21st. Morgan Stanley set a €70.00 ($82.35) target price on shares of Covestro AG and gave the stock a “neutral” rating in a report on Thursday, June 29th. Barclays PLC set a €74.00 ($87.06) target price on shares of Covestro AG and gave the stock a “neutral” rating in a report on Monday, July 3rd. Finally, Independent Research GmbH set a €71.00 ($83.53) target price on shares of Covestro AG and gave the stock a “neutral” rating in a report on Friday, June 30th.

Covestro AG (ETR 1COV) traded up 0.928% on Friday, reaching €71.698. 2,514 shares of the company were exchanged. The firm has a market capitalization of €14.52 billion and a PE ratio of 10.875. Covestro AG has a 12-month low of €50.70 and a 12-month high of €76.40. The stock has a 50 day moving average of €69.06 and a 200 day moving average of €68.02.

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About Covestro AG

Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries; and rigid foam used as insulating material in the construction industry and in refrigeration chains.

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