Covestro’s (1COV) Neutral Rating Reiterated at Goldman Sachs Group
Goldman Sachs Group reissued their neutral rating on shares of Covestro (ETR:1COV) in a research report released on Monday, Borsen Zeitung reports.
A number of other analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the company a buy rating in a report on Tuesday, June 11th. DZ Bank downgraded shares of from a buy rating to a hold rating in a report on Friday, June 14th. Kepler Capital Markets set a €55.00 ($63.95) target price on shares of RTL Group and gave the stock a buy rating in a report on Tuesday, July 2nd. Morgan Stanley set a $165.00 target price on shares of Caterpillar and gave the stock a buy rating in a report on Wednesday, April 10th. Finally, UBS Group downgraded shares of CR AGRICOLE S A/ADR from a buy rating to a neutral rating in a report on Monday, May 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of €53.72 ($62.47).
ETR 1COV opened at €41.32 ($48.05) on Monday. The company has a quick ratio of 1.27, a current ratio of 2.17 and a debt-to-equity ratio of 33.57. Covestro has a 12-month low of €38.43 ($44.69) and a 12-month high of €83.98 ($97.65). The firm has a market capitalization of $7.29 billion and a P/E ratio of 5.74. The firm has a 50 day simple moving average of €42.13.
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.
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.