Covestro AG (1COV) Given a €90.00 Price Target at UBS AG

UBS AG set a €90.00 ($105.88) price objective on Covestro AG (ETR:1COV) in a report released on Monday morning. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on 1COV. Deutsche Bank AG set a €85.00 ($100.00) price target on shares of Covestro AG and gave the stock a buy rating in a research report on Wednesday, July 26th. J P Morgan Chase & Co set a €60.00 ($70.59) price target on shares of Covestro AG and gave the stock a sell rating in a research report on Wednesday, July 26th. 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 research report on Wednesday, July 26th. Baader Bank set a €70.00 ($82.35) price target on shares of Covestro AG and gave the stock a neutral rating in a research report on Tuesday, July 25th. Finally, Nord/LB set a €70.00 ($82.35) price target on shares of Covestro AG and gave the stock a neutral rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Covestro AG currently has an average rating of Hold and an average target price of €80.00 ($94.12).

Shares of Covestro AG (ETR 1COV) traded up 1.129% during mid-day trading on Monday, hitting €82.738. 4,973 shares of the stock traded hands. The stock has a 50-day moving average of €72.30 and a 200 day moving average of €68.13. The stock has a market cap of €16.75 billion and a PE ratio of 12.549. Covestro AG has a one year low of €53.30 and a one year high of €83.68.

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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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