Credit Suisse Group Analysts Give Covestro (1COV) a €94.00 Price Target

Credit Suisse Group set a €94.00 ($116.05) target price on Covestro (ETR:1COV) in a report issued on Friday, January 26th. The brokerage currently has a neutral rating on the stock.

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).

ILLEGAL ACTIVITY NOTICE: This story was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://stocknewstimes.com/2018/02/11/covestro-1cov-pt-set-at-94-00-by-credit-suisse-group.html.

Covestro 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.

Analyst Recommendations for Covestro (ETR:1COV)

Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply