Covestro (ETR:1COV) received a €110.00 ($135.80) price objective from investment analysts at Commerzbank in a research report issued on Friday. The brokerage currently has a “buy” rating on the stock. Commerzbank’s target price indicates a potential upside of 22.14% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Nord/LB set a €80.00 ($98.77) price objective on shares of Covestro and gave the stock a “neutral” rating in a research note on Friday, December 8th. JPMorgan Chase & Co. set a €100.00 ($123.46) price objective on shares of Covestro and gave the stock a “buy” rating in a research note on Monday, January 15th. UBS Group set a €95.00 ($117.28) price objective on shares of Covestro and gave the stock a “buy” rating in a research note on Thursday, December 7th. Kepler Capital Markets set a €112.00 ($138.27) price objective on shares of Covestro and gave the stock a “buy” rating in a research note on Wednesday, December 27th. Finally, Deutsche Bank set a €100.00 ($123.46) price objective on shares of Covestro and gave the stock a “buy” rating in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of €90.35 ($111.55).
Shares of Covestro (ETR 1COV) opened at €90.06 ($111.19) on Friday. Covestro has a 52 week low of €61.95 ($76.48) and a 52 week high of €96.32 ($118.91). The stock has a market cap of $18,240.00 and a P/E ratio of 11.64.
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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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