Covestro (ETR:1COV) has been given a €65.00 ($76.47) price target by equities researchers at Jefferies Financial Group in a note issued to investors on Thursday, Borsen Zeitung reports. Jefferies Financial Group’s price objective points to a potential upside of 10.58% from the company’s previous close.
Other analysts have also issued research reports about the stock. Barclays set a €72.00 ($84.71) price target on shares of Covestro in a research report on Friday, October 8th. UBS Group set a €61.00 ($71.76) price target on shares of Covestro in a research report on Monday. Baader Bank set a €75.00 ($88.24) price target on shares of Covestro in a research report on Monday, October 4th. JPMorgan Chase & Co. set a €55.00 ($64.71) price target on shares of Covestro in a research report on Wednesday, October 6th. Finally, Kepler Capital Markets set a €76.00 ($89.41) price target on shares of Covestro in a research report on Wednesday, September 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of €68.46 ($80.54).
1COV stock opened at €58.78 ($69.15) on Thursday. The firm has a market cap of $11.35 billion and a PE ratio of 8.39. The company has a debt-to-equity ratio of 44.38, a quick ratio of 1.20 and a current ratio of 1.91. The firm’s 50 day moving average price is €56.40 and its 200-day moving average price is €56.11. Covestro has a one year low of €39.50 ($46.47) and a one year high of €63.24 ($74.40).
Covestro AG develops, produces, and markets polymer materials for various industries. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties (CAS). The Polyurethanes segment develops, produces, and markets chemical precursors, such as diphenylmethane diisocyanate, toluene diisocyanate, and polyether polyol, which are used primarily in the furniture, construction, and automotive industries.
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