Covestro (ETR:1COV) Given a €48.00 Price Target by Goldman Sachs Group Analysts
Goldman Sachs Group set a €48.00 ($55.81) target price on Covestro (ETR:1COV) in a research note published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research analysts have also recently weighed in on the company. Morgan Stanley set a €55.00 ($63.95) price objective on Covestro and gave the company a buy rating in a research report on Monday, July 15th. Barclays set a €52.00 ($60.47) price objective on Covestro and gave the company a buy rating in a research report on Tuesday, July 30th. Credit Suisse Group set a €46.50 ($54.07) price target on Covestro and gave the stock a neutral rating in a report on Thursday, July 25th. Commerzbank set a €48.00 ($55.81) price target on Covestro and gave the stock a neutral rating in a report on Wednesday, July 24th. Finally, Nord/LB set a €46.00 ($53.49) price target on Covestro and gave the stock a neutral rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Covestro presently has a consensus rating of Hold and an average target price of €51.81 ($60.24).
1COV stock opened at €37.95 ($44.13) on Tuesday. Covestro has a twelve month low of €38.41 ($44.66) and a twelve month high of €80.16 ($93.21). The company has a quick ratio of 1.17, a current ratio of 2.02 and a debt-to-equity ratio of 43.09. The stock has a market cap of $6.93 billion and a P/E ratio of 7.46. The business’s 50-day moving average price is €41.81 and its 200-day moving average price is €45.97.
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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