Several other equities research analysts have also issued reports on 1COV. Goldman Sachs Group, Inc. (The) set a €58.00 ($67.44) target price on shares of Covestro AG and gave the stock a sell rating in a research note on Wednesday, June 21st. Baader Bank set a €70.00 ($81.40) target price on shares of Covestro AG and gave the stock a neutral rating in a research note on Thursday, June 29th. Morgan Stanley set a €70.00 ($81.40) target price on shares of Covestro AG and gave the stock a neutral rating in a research note on Thursday, June 29th. Commerzbank Ag set a €78.00 ($90.70) target price on shares of Covestro AG and gave the stock a neutral rating in a research note on Friday, June 30th. Finally, Jefferies Group LLC set a €86.00 ($100.00) target price on shares of Covestro AG and gave the stock a buy rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of €80.53 ($93.64).
Shares of Covestro AG (ETR:1COV) traded down €0.93 ($1.08) during mid-day trading on Wednesday, reaching €82.88 ($96.37). The company had a trading volume of 357,609 shares, compared to its average volume of 467,067. Covestro AG has a 1 year low of €54.42 ($63.28) and a 1 year high of €83.87 ($97.52).
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Covestro AG Company Profile
Covestro Aktiengesellschaft manufactures and sells polymer materials for various industries worldwide. It operates through three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment develops, produces, and markets 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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