UBS Group Reiterates “€42.00” Price Target for Covestro (ETR:1COV)

Share on StockTwits

UBS Group set a €42.00 ($48.84) price target on Covestro (ETR:1COV) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other research firms also recently issued reports on 1COV. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on Covestro and gave the stock a buy rating in a research note on Thursday, October 31st. Goldman Sachs Group set a €52.00 ($60.47) price target on Covestro and gave the stock a buy rating in a research note on Tuesday, November 5th. Morgan Stanley set a €52.00 ($60.47) price target on Covestro and gave the stock a buy rating in a research note on Wednesday, October 30th. Deutsche Bank set a €60.00 ($69.77) price target on Covestro and gave the stock a buy rating in a research note on Tuesday, November 5th. Finally, Baader Bank set a €42.00 ($48.84) price target on Covestro and gave the stock a sell rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of €47.53 ($55.26).

Shares of ETR 1COV opened at €43.44 ($50.51) on Monday. The firm has a market capitalization of $7.94 billion and a P/E ratio of 13.40. Covestro has a one year low of €37.30 ($43.37) and a one year high of €55.78 ($64.86). The company’s fifty day moving average is €45.02 and its two-hundred day moving average is €42.81. The company has a debt-to-equity ratio of 34.70, a quick ratio of 1.25 and a current ratio of 2.26.

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.

Recommended Story: What are benefits of a growth and income fund?

Analyst Recommendations for Covestro (ETR:1COV)

Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Clean Yield Group Lowers Stock Holdings in Quest Diagnostics Inc
Clean Yield Group Lowers Stock Holdings in Quest Diagnostics Inc
Clean Yield Group Decreases Stock Position in General Electric
Clean Yield Group Decreases Stock Position in General Electric
Clean Yield Group Grows Stock Holdings in iShares Core S&P Mid-Cap ETF
Clean Yield Group Grows Stock Holdings in iShares Core S&P Mid-Cap ETF
iShares Agency Bond ETF  Shares Bought by Clean Yield Group
iShares Agency Bond ETF Shares Bought by Clean Yield Group
Clean Yield Group Has $452,000 Position in First Solar, Inc.
Clean Yield Group Has $452,000 Position in First Solar, Inc.
Clean Yield Group Buys 2,884 Shares of AFLAC Incorporated
Clean Yield Group Buys 2,884 Shares of AFLAC Incorporated


 
© 2006-2020 Zolmax.