Commerzbank Reiterates €110.00 Price Target for Covestro (1COV)

Commerzbank set a €110.00 ($127.91) target price on Covestro (ETR:1COV) in a research report report published on Monday morning. The firm currently has a buy rating on the stock.

1COV has been the subject of several other reports. Barclays set a €87.00 ($101.16) target price on shares of Covestro and gave the company a neutral rating in a report on Tuesday, August 28th. Goldman Sachs Group set a €73.00 ($84.88) target price on shares of Covestro and gave the company a sell rating in a report on Monday, September 3rd. Kepler Capital Markets set a €120.00 ($139.53) target price on shares of Covestro and gave the company a buy rating in a report on Friday, June 22nd. HSBC set a €107.00 ($124.42) target price on shares of Covestro and gave the company a buy rating in a report on Monday, July 16th. Finally, UBS Group set a €110.00 ($127.91) target price on shares of Covestro and gave the company a buy rating in a report on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of Hold and an average target price of €93.17 ($108.33).

1COV stock opened at €72.68 ($84.51) on Monday. Covestro has a 52-week low of €61.95 ($72.03) and a 52-week high of €96.32 ($112.00).

Covestro Company Profile

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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Analyst Recommendations for Covestro (ETR:1COV)

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