Commerzbank Analysts Give Covestro (1COV) a €110.00 Price Target
Several other analysts have also recently commented on the stock. Deutsche Bank restated a buy rating on shares of Covestro in a research note on Wednesday, March 28th. DZ Bank restated a neutral rating on shares of Covestro in a research note on Thursday, March 22nd. UBS Group set a €110.00 ($127.91) target price on shares of Covestro and gave the stock a buy rating in a research note on Monday, April 9th. Baader Bank set a €84.00 ($97.67) target price on shares of Covestro and gave the stock a neutral rating in a research note on Tuesday, May 29th. Finally, Kepler Capital Markets set a €120.00 ($139.53) target price on shares of Covestro and gave the stock a buy rating in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of €92.53 ($107.59).
Covestro stock traded down €2.14 ($2.49) during midday trading on Thursday, hitting €77.64 ($90.28). 979,764 shares of the company’s stock were exchanged, compared to its average volume of 917,794. Covestro has a 12-month low of €61.95 ($72.03) and a 12-month high of €96.32 ($112.00).
Covestro AG develops, produces, and markets polymer materials for various industries worldwide. The company operates in three segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, Specialties. The Polyurethanes segment offers 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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