Covestro Aktiengesellschaft (ETR:1COV) received a €80.00 ($95.24) price objective from analysts at Nord/LB in a report released on Friday, December 8th. The firm currently has a “neutral” rating on the stock. Nord/LB’s price objective would suggest a potential downside of 6.59% from the company’s previous close.
A number of other analysts have also recently weighed in on 1COV. Barclays set a €71.00 ($84.52) price objective on shares of Covestro Aktiengesellschaft and gave the stock a “neutral” rating in a report on Thursday, September 14th. Deutsche Bank set a €88.00 ($104.76) target price on shares of Covestro Aktiengesellschaft and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Goldman Sachs Group set a €65.00 ($77.38) target price on shares of Covestro Aktiengesellschaft and gave the company a “neutral” rating in a research note on Friday, September 15th. Jefferies Group set a €91.00 ($108.33) target price on shares of Covestro Aktiengesellschaft and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, JPMorgan Chase & Co. set a €60.00 ($71.43) target price on shares of Covestro Aktiengesellschaft and gave the company a “sell” rating in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of €85.06 ($101.26).
Shares of Covestro Aktiengesellschaft (ETR 1COV) traded down €0.39 ($0.46) during trading hours on Friday, hitting €85.64 ($101.95). 438,798 shares of the company’s stock were exchanged, compared to its average volume of 583,824. Covestro Aktiengesellschaft has a 1-year low of €61.07 ($72.70) and a 1-year high of €88.57 ($105.44). The stock has a market cap of $17,420.00 and a PE ratio of 11.06.
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About Covestro Aktiengesellschaft
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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