Covestro (ETR:1COV) has been assigned a €67.00 ($78.82) price objective by The Goldman Sachs Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 11.48% from the stock’s previous close.
1COV has been the subject of a number of other research reports. Barclays set a €64.00 ($75.29) price objective on shares of Covestro and gave the stock a “buy” rating in a report on Tuesday, January 12th. Jefferies Financial Group set a €67.00 ($78.82) price objective on Covestro and gave the company a “buy” rating in a report on Wednesday, December 30th. UBS Group set a €46.00 ($54.12) target price on Covestro and gave the company a “sell” rating in a research note on Wednesday, January 27th. Credit Suisse Group set a €54.00 ($63.53) price objective on Covestro and gave the stock a “neutral” rating in a report on Wednesday, December 9th. Finally, Nord/LB set a €45.00 ($52.94) price target on shares of Covestro and gave the company a “neutral” rating in a research note on Monday, January 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of €54.62 ($64.25).
Shares of Covestro stock opened at €60.10 ($70.71) on Tuesday. The firm has a market cap of $11.61 billion and a PE ratio of 60.10. Covestro has a 1 year low of €23.54 ($27.69) and a 1 year high of €59.98 ($70.56). The company has a debt-to-equity ratio of 58.19, a current ratio of 3.03 and a quick ratio of 2.10. The stock has a fifty day moving average price of €56.37 and a 200-day moving average price of €47.28.
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 an insulating material in the construction industry and in refrigeration chains.
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