UBS Group set a €110.00 ($127.91) target price on Covestro (ETR:1COV) in a report released on Thursday, July 26th, www.boersen-zeitung.de reports. The firm currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the company. Baader Bank set a €84.00 ($97.67) price objective on Covestro and gave the stock a neutral rating in a research report on Tuesday, May 29th. JPMorgan Chase & Co. set a €105.00 ($122.09) price target on Covestro and gave the stock a buy rating in a research note on Tuesday, June 26th. Commerzbank set a €110.00 ($127.91) price target on Covestro and gave the stock a buy rating in a research note on Friday, July 13th. Berenberg Bank set a €85.00 ($98.84) price target on Covestro and gave the stock a neutral rating in a research note on Thursday, May 17th. Finally, Kepler Capital Markets set a €120.00 ($139.53) price target on Covestro and gave the stock a buy rating in a research note on Friday, June 29th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of €92.53 ($107.59).
Covestro traded down €2.14 ($2.49), reaching €77.64 ($90.28), during midday trading on Thursday, Marketbeat reports. 979,764 shares of the company were exchanged, compared to its average volume of 917,794. Covestro has a 1 year low of €61.95 ($72.03) and a 1 year high of €96.32 ($112.00).
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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