A number of other research analysts also recently weighed in on 1COV. Baader Bank set a €84.00 ($95.45) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Tuesday, May 29th. JPMorgan Chase & Co. set a €105.00 ($119.32) price objective on shares of Covestro and gave the stock a buy rating in a research report on Tuesday, June 26th. UBS Group reiterated a buy rating and issued a price objective on shares of Covestro in a research report on Wednesday, July 11th. Commerzbank set a €110.00 ($125.00) price objective on shares of Covestro and gave the stock a buy rating in a research report on Friday, July 13th. Finally, Berenberg Bank set a €85.00 ($96.59) target price on shares of Covestro and gave the stock a neutral rating in a research note on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of €92.53 ($105.14).
Shares of 1COV traded up €1.12 ($1.27) during trading hours on Thursday, reaching €77.84 ($88.45). 461,704 shares of the company traded hands, compared to its average volume of 917,794. Covestro has a 12-month low of €61.95 ($70.40) and a 12-month high of €96.32 ($109.45).
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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