Baader Bank set a €42.00 ($48.84) price objective on Covestro (ETR:1COV) in a report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Other equities research analysts also recently issued reports about the stock. Nord/LB set a €46.00 ($53.49) price objective on shares of Covestro and gave the company a neutral rating in a report on Wednesday, July 24th. Societe Generale set a €50.00 ($58.14) price objective on shares of Covestro and gave the company a neutral rating in a report on Tuesday, April 30th. Deutsche Bank set a €60.00 ($69.77) price target on Covestro and gave the company a buy rating in a research report on Thursday, July 25th. Independent Research set a €46.00 ($53.49) price target on Covestro and gave the company a neutral rating in a research report on Wednesday, July 24th. Finally, Commerzbank set a €48.00 ($55.81) price target on Covestro and gave the company a neutral rating in a research report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of €51.81 ($60.24).
ETR 1COV opened at €37.95 ($44.13) on Tuesday. The company has a market cap of $6.93 billion and a PE ratio of 7.46. Covestro has a 52 week low of €38.41 ($44.66) and a 52 week high of €80.16 ($93.21). The company has a quick ratio of 1.17, a current ratio of 2.02 and a debt-to-equity ratio of 43.09. The firm’s 50-day simple moving average is €41.81 and its two-hundred day simple moving average is €45.97.
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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