Commerzbank Analysts Give Covestro (ETR:1COV) a €110.00 Price Target

Covestro (ETR:1COV) received a €110.00 ($135.80) target price from Commerzbank in a report released on Friday, February 16th. The firm currently has a “buy” rating on the stock. Commerzbank’s price target indicates a potential upside of 29.23% from the company’s previous close.

1COV has been the subject of a number of other reports. Barclays set a €78.00 ($96.30) price target on Covestro and gave the stock a “neutral” rating in a research note on Monday, November 27th. Jefferies Group set a €113.00 ($139.51) price objective on Covestro and gave the company a “buy” rating in a report on Wednesday, November 29th. DZ Bank reissued a “buy” rating on shares of Covestro in a report on Tuesday, October 24th. Kepler Capital Markets set a €96.00 ($118.52) price objective on Covestro and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Baader Bank set a €90.00 ($111.11) price objective on Covestro and gave the company a “neutral” rating in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of €92.41 ($114.09).

Shares of Covestro (1COV) traded down €1.48 ($1.83) during trading hours on Friday, reaching €85.34 ($105.36). The company had a trading volume of 789,450 shares, compared to its average volume of 899,069. Covestro has a twelve month low of €61.95 ($76.48) and a twelve month high of €96.32 ($118.91). The company has a market cap of $17,280.00 and a price-to-earnings ratio of 8.59.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by Equities Focus and is the property of of Equities Focus. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.equitiesfocus.com/2018/03/14/covestro-1cov-given-a-110-00-price-target-at-commerzbank.html.

About Covestro

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.



Leave a Reply