Other equities analysts also recently issued 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 research note on Monday, October 1st. Goldman Sachs Group set a €73.00 ($84.88) target price on shares of Covestro and gave the stock a sell rating in a research note on Monday, September 3rd. UBS Group set a €110.00 ($127.91) price target on shares of Covestro and gave the stock a buy rating in a research report on Monday, August 20th. Commerzbank set a €110.00 ($127.91) price target on shares of Covestro and gave the stock a buy rating in a research report on Monday, September 24th. Finally, Barclays set a €87.00 ($101.16) price target on shares of Covestro and gave the stock a neutral rating in a research report on Tuesday, August 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of €81.61 ($94.90).
Shares of ETR 1COV traded down €2.94 ($3.42) during mid-day trading on Thursday, hitting €56.36 ($65.53). 1,630,779 shares of the company’s stock 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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