Covestro AG (ETR:1COV) has earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is €59.95 ($69.71).

A number of equities research analysts recently issued reports on 1COV shares. Kepler Capital Markets set a €55.00 ($63.95) target price on shares of Covestro and gave the company a “buy” rating in a report on Monday, December 17th. UBS Group set a €51.00 ($59.30) target price on shares of Covestro and gave the company a “neutral” rating in a report on Tuesday, December 18th. Barclays set a €57.00 ($66.28) target price on shares of Covestro and gave the company a “neutral” rating in a report on Wednesday, December 19th. Berenberg Bank set a €50.00 ($58.14) target price on shares of Covestro and gave the company a “neutral” rating in a report on Wednesday, December 19th. Finally, JPMorgan Chase & Co. set a €62.00 ($72.09) target price on shares of Covestro and gave the company a “buy” rating in a report on Thursday, January 10th.

Shares of ETR 1COV traded up €0.08 ($0.09) during midday trading on Wednesday, reaching €53.00 ($61.63). 1,274,659 shares of the stock were exchanged, compared to its average volume of 917,794. The company has a market cap of $10.13 billion and a PE ratio of 5.60. Covestro has a 52-week low of €41.42 ($48.16) and a 52-week high of €83.98 ($97.65). The company has a debt-to-equity ratio of 22.57, a current ratio of 2.05 and a quick ratio of 1.16.

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.

Read More: Marijuana Stocks Future Looks Bright

Analyst Recommendations for Covestro (ETR:1COV)

Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.