Covestro (ETR:1COV) has been given a €63.00 ($73.26) price target by research analysts at Berenberg Bank in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 37.83% from the stock’s current price.
Several other research firms have also recently commented on 1COV. Goldman Sachs Group set a €52.00 ($60.47) price target on Covestro and gave the stock a “sell” rating in a research note on Tuesday, November 20th. UBS Group set a €100.00 ($116.28) price target on Covestro and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Societe Generale set a €85.00 ($98.84) price target on Covestro and gave the stock a “neutral” rating in a research note on Thursday, October 25th. DZ Bank reiterated a “neutral” rating on shares of Covestro in a research note on Wednesday, November 21st. Finally, Commerzbank set a €100.00 ($116.28) price target on Covestro and gave the stock a “buy” rating in a research note on Thursday, October 25th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €70.79 ($82.31).
ETR:1COV opened at €45.71 ($53.15) on Wednesday. Covestro has a one year low of €61.95 ($72.03) and a one year high of €96.32 ($112.00).
Covestro Company Profile
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers 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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