Covestro Aktiengesellschaft (1COV) PT Set at €100.00 by Deutsche Bank

Covestro Aktiengesellschaft (ETR:1COV) received a €100.00 ($119.05) target price from stock analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 20.06% from the company’s current price.

Several other research firms also recently weighed in on 1COV. Barclays set a €71.00 ($84.52) target price on Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research report on Thursday, September 14th. Goldman Sachs Group set a €65.00 ($77.38) target price on Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research report on Friday, September 15th. Jefferies Group set a €91.00 ($108.33) target price on Covestro Aktiengesellschaft and gave the company a “buy” rating in a research report on Monday, October 23rd. J P Morgan Chase & Co set a €60.00 ($71.43) target price on Covestro Aktiengesellschaft and gave the company a “sell” rating in a research report on Tuesday, October 24th. Finally, DZ Bank reiterated a “buy” rating on shares of Covestro Aktiengesellschaft in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of €84.06 ($100.07).

Shares of Covestro Aktiengesellschaft (ETR:1COV) opened at €83.29 ($99.15) on Tuesday. Covestro Aktiengesellschaft has a fifty-two week low of €59.25 ($70.54) and a fifty-two week high of €88.41 ($105.25).

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Covestro Aktiengesellschaft Company Profile

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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