Covestro (ETR:1COV) received a €104.00 ($128.40) target price from equities researchers at Deutsche Bank in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 10.97% from the company’s current price.
A number of other research analysts have also weighed in on the company. Credit Suisse Group set a €99.00 ($122.22) price target on Covestro and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group set a €110.00 ($135.80) price target on Covestro and gave the stock a “buy” rating in a research note on Tuesday. Nord/LB set a €92.00 ($113.58) price target on Covestro and gave the stock a “neutral” rating in a research note on Tuesday. Kepler Capital Markets set a €115.00 ($141.98) price target on Covestro and gave the stock a “buy” rating in a research note on Tuesday. Finally, Barclays set a €78.00 ($96.30) price objective on Covestro and gave the stock a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. Covestro has a consensus rating of “Hold” and a consensus price target of €92.41 ($114.09).
Covestro (1COV) opened at €93.72 ($115.70) on Wednesday. Covestro has a 52 week low of €61.95 ($76.48) and a 52 week high of €96.32 ($118.91). The firm has a market capitalization of $18,870.00 and a price-to-earnings ratio of 9.44.
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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