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Covestro (OTCMKTS:COVTY - Get Rating) was upgraded by analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a report released on Friday, The Fly reports.
COVTY has been the topic of several other reports. JPMorgan Chase & Co. cut their price objective on shares of Covestro from €62.00 ($63.92) to €58.50 ($60.31) and set a "neutral" rating on the stock in a research report on Wednesday, May 4th. Barclays decreased their price objective on shares of Covestro from €71.00 ($73.20) to €60.00 ($61.86) and set an "overweight" rating for the company in a report on Thursday, July 14th. Credit Suisse Group dropped their target price on shares of Covestro from €53.00 ($54.64) to €40.00 ($41.24) in a research report on Wednesday, July 20th. UBS Group reduced their price objective on shares of Covestro from €43.00 ($44.33) to €42.00 ($43.30) in a research report on Thursday, May 19th. Finally, Stifel Nicolaus cut shares of Covestro from a "buy" rating to a "hold" rating in a research note on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Covestro presently has a consensus rating of "Hold" and a consensus price target of $48.94.Covestro Stock Down 1.4 %
Covestro stock opened at $17.02 on Friday. Covestro has a 12 month low of $15.64 and a 12 month high of $34.97. The stock has a market capitalization of $6.58 billion, a PE ratio of 4.21, a price-to-earnings-growth ratio of 0.25 and a beta of 1.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.00 and a quick ratio of 1.14. The business has a 50 day simple moving average of $18.70 and a 200-day simple moving average of $23.14. About Covestro (Get Rating)
Covestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.Recommended StoriesGet a free copy of the StockNews.com research report on Covestro (COVTY)Beyond Meat Is Not Beyond Hope, And It's CheapWhy Apple Could Be At All-Time Highs By Year EndBJ’s Wholesale Club Stock Has More Room to Grow How Does Freeport McMoran Inc Compare to Its Sector Competitors?3 Hotel Stocks to Consider Checking into After Earnings
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