Covestro (ETR:1COV) Given a €48.00 Price Target at Credit Suisse Group

Credit Suisse Group set a €48.00 ($55.81) price target on Covestro (ETR:1COV) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also recently issued reports on 1COV. Kepler Capital Markets set a €55.00 ($63.95) target price on RTL Group and gave the company a buy rating in a research report on Tuesday, July 2nd. Baader Bank set a €42.00 ($48.84) target price on Covestro and gave the company a sell rating in a research report on Wednesday, July 3rd. Deutsche Bank set a $142.00 price target on MCCORMICK & CO /SH and gave the stock a hold rating in a report on Friday, June 28th. JPMorgan Chase & Co. boosted their price target on from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a report on Friday, July 5th. Finally, Goldman Sachs Group restated a hold rating and set a $8.40 price target on shares of Deutsche Bank in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of €53.72 ($62.47).

1COV stock opened at €41.26 ($47.98) on Tuesday. The firm has a market capitalization of $7.48 billion and a P/E ratio of 5.73. The company has a 50-day moving average of €42.14. Covestro has a 52 week low of €38.43 ($44.69) and a 52 week high of €83.98 ($97.65). The company has a debt-to-equity ratio of 33.57, a quick ratio of 1.27 and a current ratio of 2.17.

About Covestro

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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