Other analysts also recently issued research reports about the stock. Deutsche Bank set a €88.00 ($104.76) price objective on shares of Covestro and gave the stock a buy rating in a research report on Wednesday, October 25th. Jefferies Group set a €91.00 ($108.33) price objective on shares of Covestro and gave the stock a buy rating in a research report on Monday, October 23rd. DZ Bank restated a buy rating on shares of Covestro in a research report on Tuesday, October 24th. Citigroup set a €80.00 ($95.24) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Wednesday, October 25th. Finally, Nord/LB set a €80.00 ($95.24) price objective on shares of Covestro and gave the stock a neutral rating in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Covestro presently has a consensus rating of Hold and an average target price of €87.31 ($103.94).
Shares of Covestro (ETR 1COV) traded up €1.56 ($1.86) during trading hours on Monday, hitting €95.00 ($113.10). 981,561 shares of the stock traded hands, compared to its average volume of 842,289. The stock has a market cap of $18,920.00 and a P/E ratio of 12.27. Covestro has a twelve month low of €61.95 ($73.75) and a twelve month high of €94.36 ($112.33).
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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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