Several other research firms have also issued reports on 1COV. UBS Group set a €110.00 ($135.80) price target on Covestro and gave the stock a buy rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. set a €100.00 ($123.46) target price on Covestro and gave the stock a buy rating in a report on Monday, January 15th. Commerzbank set a €100.00 ($123.46) target price on Covestro and gave the stock a buy rating in a report on Friday, January 12th. Independent Research set a €94.00 ($116.05) price target on Covestro and gave the company a neutral rating in a research note on Friday, January 12th. Finally, Jefferies Group set a €113.00 ($139.51) price target on Covestro and gave the company a buy rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of €89.76 ($110.82).
Covestro (ETR:1COV) traded down €1.42 ($1.75) during midday trading on Friday, hitting €83.64 ($103.26). The stock had a trading volume of 1,150,603 shares, compared to its average volume of 958,517. The firm has a market cap of $16,940.00 and a PE ratio of 10.81. Covestro has a one year low of €61.95 ($76.48) and a one year high of €96.32 ($118.91).
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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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