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.
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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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