Covestro (ETR:1COV) has been given a €42.00 ($48.84) price target by equities researchers at Nord/LB in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Nord/LB’s target price suggests a potential upside of 1.84% from the stock’s current price.
1COV has been the subject of a number of other reports. Barclays set a €50.00 ($58.14) price objective on shares of Covestro and gave the company a “buy” rating in a report on Tuesday, January 14th. Berenberg Bank set a €44.00 ($51.16) price objective on shares of Covestro and gave the company a “neutral” rating in a report on Tuesday, January 14th. Kepler Capital Markets set a €41.00 ($47.67) target price on shares of Covestro and gave the company a “neutral” rating in a report on Wednesday, January 8th. Metzler set a €34.00 ($39.53) target price on shares of Covestro and gave the company a “sell” rating in a report on Tuesday, October 29th. Finally, Jefferies Financial Group set a €50.00 ($58.14) target price on shares of Covestro and gave the company a “buy” rating in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of €45.83 ($53.29).
Shares of 1COV opened at €41.24 ($47.95) on Tuesday. The company has a debt-to-equity ratio of 34.70, a current ratio of 2.26 and a quick ratio of 1.25. Covestro has a 1 year low of €37.30 ($43.37) and a 1 year high of €55.78 ($64.86). The company has a 50 day simple moving average of €41.54 and a two-hundred day simple moving average of €42.58. The firm has a market cap of $7.53 billion and a P/E ratio of 12.72.
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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