Covestro AG (1COV) Given Average Recommendation of “Hold” by Brokerages

Covestro AG (ETR:1COV) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is €80.53 ($94.75).

A number of research analysts recently issued reports on 1COV shares. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) price target on Covestro AG and gave the company a “sell” rating in a report on Friday, July 14th. BNP Paribas set a €64.00 ($75.29) price target on Covestro AG and gave the company a “sell” rating in a report on Monday, July 24th. Baader Bank set a €70.00 ($82.35) price target on Covestro AG and gave the company a “neutral” rating in a report on Tuesday, July 25th. Commerzbank Ag set a €78.00 ($91.76) price target on Covestro AG and gave the company a “neutral” rating in a report on Tuesday, July 25th. Finally, UBS AG set a €85.00 ($100.00) price target on Covestro AG and gave the company a “buy” rating in a report on Tuesday, July 25th.

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Covestro AG (ETR:1COV) traded down €0.93 ($1.09) during trading hours on Wednesday, reaching €82.88 ($97.51). 357,609 shares of the company’s stock traded hands, compared to its average volume of 467,067. Covestro AG has a 12 month low of €54.42 ($64.02) and a 12 month high of €83.87 ($98.67).

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.

Analyst Recommendations for Covestro AG (ETR:1COV)

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