Covestro AG (ETR:1COV) has been assigned a €90.00 ($104.65) price target by equities researchers at Kepler Capital Markets in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock.
Several other analysts also recently weighed in on the stock. HSBC Holdings plc set a €55.00 ($63.95) price target on shares of Covestro AG and gave the company a “sell” rating in a research note on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($100.00) price target on shares of Covestro AG and gave the company a “buy” rating in a research note on Friday, May 26th. Goldman Sachs Group, Inc. (The) set a €58.00 ($67.44) price target on shares of Covestro AG and gave the company a “sell” rating in a research note on Wednesday, June 21st. Deutsche Bank AG set a €83.00 ($96.51) price target on shares of Covestro AG and gave the company a “buy” rating in a research note on Saturday, May 20th. Finally, Morgan Stanley set a €70.00 ($81.40) price target on shares of Covestro AG and gave the company a “neutral” rating in a research note on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of €72.00 ($83.72).
Shares of Covestro AG (ETR 1COV) traded up 2.959% during mid-day trading on Wednesday, hitting €66.666. The company’s stock had a trading volume of 3,328 shares. Covestro AG has a 52-week low of €40.00 and a 52-week high of €76.40. The stock’s 50 day moving average price is €64.78 and its 200 day moving average price is €68.32. The company has a market cap of €13.50 billion and a price-to-earnings ratio of 12.494.
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About Covestro AG
Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.
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