Jefferies Financial Group set a €65.00 ($76.47) price objective on Covestro (ETR:1COV) in a research report report published on Thursday morning, Borsen Zeitung reports.
Other analysts have also issued research reports about the stock. Nord/LB set a €63.00 ($74.12) price target on shares of Covestro in a research report on Wednesday, September 29th. Morgan Stanley set a €70.00 ($82.35) price target on shares of Covestro in a research report on Monday, September 6th. The Goldman Sachs Group set a €85.00 ($100.00) price target on shares of Covestro in a research report on Wednesday, September 29th. Berenberg Bank set a €60.00 ($70.59) price target on shares of Covestro in a research report on Tuesday, August 10th. Finally, JPMorgan Chase & Co. set a €55.00 ($64.71) price target on shares of Covestro in a research report on Wednesday, October 6th. 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 opened at €58.78 ($69.15) on Thursday. The firm has a market capitalization of $11.35 billion and a price-to-earnings ratio of 8.39. The company has a debt-to-equity ratio of 44.38, a current ratio of 1.91 and a quick ratio of 1.20. The company’s 50 day simple moving average is €56.40 and its two-hundred day simple moving average is €56.11. Covestro has a 1-year low of €39.50 ($46.47) and a 1-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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