Posted by admin on Jun 25th, 2022
JPMorgan Chase & Co. set a €58.50 ($61.58) price target on Covestro (ETR:1COV – Get Rating) in a research report report published on Friday, Borsen Zeitung reports.
A number of other research firms have also recently weighed in on 1COV. Deutsche Bank Rese… set a €60.00 ($63.16) target price on shares of Covestro in a research note on Wednesday, May 4th. The Goldman Sachs Group set a €78.00 ($82.11) price target on shares of Covestro in a research note on Friday. Deutsche Bank Aktiengesellschaft set a €74.00 ($77.89) price target on shares of Covestro in a research note on Wednesday, March 2nd. UBS Group set a €43.00 ($45.26) price target on shares of Covestro in a research note on Monday, June 13th. Finally, Baader Bank set a €42.00 ($44.21) target price on shares of Covestro in a report on Thursday, May 12th.
1COV opened at €34.48 ($36.29) on Friday. The company has a debt-to-equity ratio of 29.73, a quick ratio of 1.01 and a current ratio of 2.00. Covestro has a fifty-two week low of €35.92 ($37.81) and a fifty-two week high of €60.24 ($63.41). The firm’s fifty day moving average is €40.66 and its 200 day moving average is €47.06. The stock has a market cap of $6.66 billion and a price-to-earnings ratio of 4.06.
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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