UBS set a €110.00 ($135.80) price target on Covestro (ETR:1COV) in a research report released on Monday, April 9th, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
Other equities analysts have also issued reports about the stock. DZ Bank restated a buy rating on shares of Covestro in a research report on Monday, January 29th. Credit Suisse Group set a €94.00 ($116.05) target price on shares of Covestro and gave the company a neutral rating in a research note on Friday, January 26th. Independent Research set a €94.00 ($116.05) target price on shares of Covestro and gave the company a neutral rating in a research note on Friday, January 12th. Societe Generale set a €96.00 ($118.52) target price on shares of Covestro and gave the company a neutral rating in a research note on Thursday, January 11th. Finally, Commerzbank set a €110.00 ($135.80) target price on shares of Covestro and gave the company a buy rating in a research note on Friday, February 16th. One 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 company. Covestro presently has an average rating of Hold and a consensus price target of €92.35 ($114.02).
1COV stock opened at €82.10 ($101.36) on Monday. Covestro has a 12 month low of €61.95 ($76.48) and a 12 month 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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