Independent Research GmbH set a €73.00 ($84.88) target price on Covestro AG (ETR:1COV) in a research note released on Tuesday morning. The firm currently has a neutral rating on the stock.
A number of other research analysts also recently issued reports on 1COV. Deutsche Bank AG set a €83.00 ($96.51) price objective on shares of Covestro AG and gave the stock a buy rating in a research report on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €58.00 ($67.44) price objective on shares of Covestro AG and gave the stock a sell rating in a research report on Saturday, May 20th. HSBC Holdings plc set a €55.00 ($63.95) price objective on shares of Covestro AG and gave the stock a sell rating in a research report on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($100.00) price objective on shares of Covestro AG and gave the stock a buy rating in a research report on Friday, May 26th. Finally, Baader Bank set a €53.00 ($61.63) price objective on shares of Covestro AG and gave the stock a sell rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of €72.00 ($83.72).
Shares of Covestro AG (ETR:1COV) opened at 66.70 on Tuesday. Covestro AG has a 12-month low of €40.00 and a 12-month high of €76.40. The stock’s 50 day moving average is €64.78 and its 200-day moving average is €68.32. The stock has a market cap of €13.51 billion and a PE ratio of 12.50.
About Covestro AG
Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.
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