Kepler Capital Markets set a €120.00 ($139.53) target price on Covestro (ETR:1COV) in a research note issued to investors on Wednesday, October 10th. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also issued reports on the stock. Barclays set a €98.00 ($113.95) target price on shares of Covestro and gave the stock a neutral rating in a research report on Friday, June 29th. UBS Group set a €100.00 ($116.28) target price on shares of Covestro and gave the stock a buy rating in a research report on Wednesday, October 10th. JPMorgan Chase & Co. set a €105.00 ($122.09) price target on shares of Covestro and gave the stock a buy rating in a research note on Tuesday, June 26th. Baader Bank set a €84.00 ($97.67) price objective on Covestro and gave the stock a buy rating in a report on Tuesday, June 26th. Finally, Commerzbank set a €110.00 ($127.91) price objective on Covestro and gave the stock a buy rating in a report on Friday, July 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Covestro has an average rating of Hold and a consensus target price of €90.67 ($105.43).
Shares of 1COV opened at €57.56 ($66.93) on Wednesday. Covestro has a one year low of €61.95 ($72.03) and a one year high of €96.32 ($112.00).
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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