HSBC Holdings plc set a €66.00 ($77.65) price objective on Covestro AG (ETR:1COV) in a research note published on Thursday. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also weighed in on 1COV. Deutsche Bank AG set a €83.00 ($97.65) target price on shares of Covestro AG and gave the stock a buy rating in a research note on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €58.00 ($68.24) target price on shares of Covestro AG and gave the stock a sell rating in a research note on Saturday, May 20th. Jefferies Group LLC set a €86.00 ($101.18) target price on shares of Covestro AG and gave the stock a buy rating in a research note on Friday, May 26th. Baader Bank set a €53.00 ($62.35) target price on shares of Covestro AG and gave the stock a sell rating in a research note on Friday, June 2nd. Finally, Kepler Capital Markets set a €85.00 ($100.00) target price on shares of Covestro AG and gave the stock a buy rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €72.47 ($85.25).

Shares of Covestro AG (ETR 1COV) opened at 68.85 on Thursday. The company has a market cap of €13.94 billion and a price-to-earnings ratio of 10.44. Covestro AG has a 1-year low of €41.66 and a 1-year high of €76.40. The company’s 50-day moving average is €65.79 and its 200 day moving average is €68.21.

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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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