Covestro (ETR:1COV) PT Set at €30.50 by JPMorgan Chase & Co.
JPMorgan Chase & Co. set a €30.50 ($34.27) price objective on Covestro (ETR:1COV) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts have also issued reports on the stock. Berenberg Bank set a €36.00 ($40.45) target price on shares of Covestro and gave the company a neutral rating in a research note on Friday, July 24th. Nord/LB set a €34.00 ($38.20) target price on shares of Covestro and gave the company a neutral rating in a research note on Thursday, July 23rd. Jefferies Financial Group set a €44.00 ($49.44) target price on shares of Covestro and gave the company a buy rating in a research note on Friday, July 24th. Baader Bank set a €34.00 ($38.20) target price on shares of Covestro and gave the company a sell rating in a research note on Monday, July 20th. Finally, HSBC set a €29.00 ($32.58) price target on shares of Covestro and gave the company a neutral rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of €37.78 ($42.45).
ETR:1COV opened at €32.86 ($36.92) on Wednesday. Covestro has a 1 year low of €23.54 ($26.45) and a 1 year high of €48.18 ($54.13). The firm’s fifty day simple moving average is €35.23 and its 200 day simple moving average is €34.03. The company has a current ratio of 2.11, a quick ratio of 1.31 and a debt-to-equity ratio of 44.14. The firm has a market capitalization of $6.01 billion and a PE ratio of 15.28.
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.
Featured Article: Why do analysts give a neutral rating?
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.