Covestro (1COV) Rating Reiterated by DZ Bank
Covestro (ETR:1COV)‘s stock had its “neutral” rating reiterated by equities research analysts at DZ Bank in a report released on Thursday.
A number of other research firms have also recently commented on 1COV. Credit Suisse Group set a €94.00 ($116.05) price objective on shares of Covestro and gave the stock a “neutral” rating in a research report on Friday, January 26th. Deutsche Bank set a €104.00 ($128.40) price objective on shares of Covestro and gave the stock a “buy” rating in a research report on Wednesday, February 21st. UBS set a €110.00 ($135.80) price objective on shares of Covestro and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Nord/LB set a €92.00 ($113.58) target price on Covestro and gave the stock a “neutral” rating in a report on Tuesday, February 20th. Finally, Independent Research set a €105.00 ($129.63) target price on Covestro and gave the stock a “buy” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of €92.76 ($114.52).
Covestro stock opened at €84.30 ($104.07) on Thursday. Covestro has a 52-week low of €61.95 ($76.48) and a 52-week high of €96.32 ($118.91). The company has a market cap of $16,860.00 and a price-to-earnings ratio of 8.49.
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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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