Covestro (ETR:1COV) has been given a €85.00 ($98.84) target price by investment analysts at Societe Generale in a report issued on Thursday, October 25th. The brokerage presently has a “neutral” rating on the stock. Societe Generale’s price target would indicate a potential upside of 47.83% from the company’s previous close.
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. set a €105.00 ($122.09) target price on shares of Covestro and gave the stock a “buy” rating in a report on Monday, July 30th. DZ Bank reiterated a “neutral” rating on shares of Covestro in a report on Tuesday, July 31st. Deutsche Bank reiterated a “buy” rating on shares of Covestro in a report on Friday, July 27th. Commerzbank set a €110.00 ($127.91) target price on shares of Covestro and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, Jefferies Financial Group set a €126.00 ($146.51) price objective on shares of Covestro and gave the stock a “buy” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. Covestro currently has a consensus rating of “Hold” and a consensus target price of €81.61 ($94.90).
Shares of ETR:1COV traded down €0.50 ($0.58) during trading on Thursday, reaching €57.50 ($66.86). 1,550,248 shares of the company traded hands, compared to its average volume of 917,794. Covestro has a 1-year low of €61.95 ($72.03) and a 1-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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