Commerzbank Ag Reiterates €75.00 Price Target for Covestro AG (1COV)

Commerzbank Ag set a €75.00 ($89.29) price target on Covestro AG (ETR:1COV) in a research report released on Wednesday. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on 1COV. UBS AG set a €85.00 ($101.19) target price on Covestro AG and gave the company a buy rating in a research note on Tuesday, June 6th. Barclays PLC set a €69.00 ($82.14) target price on Covestro AG and gave the company a neutral rating in a research note on Monday, August 7th. J P Morgan Chase & Co set a €60.00 ($71.43) target price on Covestro AG and gave the company a sell rating in a research note on Wednesday, July 26th. Kepler Capital Markets set a €90.00 ($107.14) target price on Covestro AG and gave the company a buy rating in a research note on Wednesday, July 26th. Finally, HSBC Holdings plc set a €66.00 ($78.57) target price on Covestro AG and gave the company a neutral rating in a research note on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €73.07 ($86.98).

Shares of Covestro AG (1COV) opened at 69.801 on Wednesday. Covestro AG has a 52-week low of €44.44 and a 52-week high of €76.40. The firm has a market capitalization of €14.13 billion and a PE ratio of 10.587. The firm’s 50-day moving average price is €66.38 and its 200-day moving average price is €67.72.

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Covestro AG Company Profile

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 AG (ETR:1COV)

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