Jefferies Financial Group set a €62.00 ($72.09) price target on Covestro (ETR:1COV) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other brokerages have also weighed in on 1COV. Deutsche Bank set a €64.00 ($74.42) price objective on Covestro and gave the stock a buy rating in a report on Tuesday, February 26th. Credit Suisse Group set a €53.00 ($61.63) price objective on Covestro and gave the stock a neutral rating in a report on Tuesday, April 30th. Barclays set a €57.00 ($66.28) price objective on Covestro and gave the stock a neutral rating in a report on Monday, February 25th. Nord/LB set a €46.00 ($53.49) price objective on Covestro and gave the stock a neutral rating in a report on Tuesday, April 30th. Finally, UBS Group set a €54.00 ($62.79) price objective on Covestro and gave the stock a neutral rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of €56.78 ($66.02).
Shares of 1COV opened at €43.85 ($50.99) on Wednesday. Covestro has a fifty-two week low of €41.42 ($48.16) and a fifty-two week high of €83.98 ($97.65). The stock has a market capitalization of $8.38 billion and a P/E ratio of 6.09. The company has a quick ratio of 1.27, a current ratio of 2.17 and a debt-to-equity ratio of 33.57.
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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