Posted by admin on May 13th, 2022
Baader Bank set a €42.00 ($44.21) target price on Covestro (ETR:1COV – Get Rating) in a research note issued to investors on Thursday, Borsen Zeitung reports.
A number of other equities analysts also recently commented on 1COV. JPMorgan Chase & Co. set a €62.00 ($65.26) target price on Covestro in a research note on Tuesday, May 3rd. Deutsche Bank Rese… set a €60.00 ($63.16) target price on shares of Covestro in a research note on Wednesday, May 4th. Credit Suisse Group set a €53.00 ($55.79) price target on shares of Covestro in a research note on Wednesday, March 2nd. Barclays set a €71.00 ($74.74) price objective on shares of Covestro in a report on Thursday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft set a €74.00 ($77.89) price target on shares of Covestro in a report on Wednesday, March 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Covestro currently has a consensus rating of Buy and an average target price of €61.31 ($64.53).
Shares of ETR 1COV traded up €0.56 ($0.59) during midday trading on Thursday, reaching €38.99 ($41.04). 1,143,607 shares of the company’s stock were exchanged, compared to its average volume of 917,794. Covestro has a 52-week low of €37.97 ($39.97) and a 52-week high of €60.24 ($63.41). The stock has a market capitalization of $7.53 billion and a PE ratio of 4.66. The company has a debt-to-equity ratio of 32.60, a quick ratio of 0.98 and a current ratio of 1.93. The business’s fifty day moving average price is €43.99 and its two-hundred day moving average price is €50.18.
Covestro Company Profile (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.
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