Baader Bank set a €42.00 ($48.84) price objective on Covestro (ETR:1COV) in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Other equities research analysts also recently issued reports about the stock. Kepler Capital Markets set a €50.00 ($58.14) target price on shares of Covestro and gave the stock a buy rating in a research report on Tuesday, July 2nd. DZ Bank restated a sell rating on shares of Covestro in a research report on Thursday, July 25th. Morgan Stanley set a €55.00 ($63.95) price target on shares of Covestro and gave the stock a buy rating in a research report on Monday, July 15th. Independent Research set a €46.00 ($53.49) price target on shares of Covestro and gave the stock a neutral rating in a research report on Wednesday, July 24th. Finally, Goldman Sachs Group restated a neutral rating and issued a price target on shares of Covestro in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of €51.81 ($60.24).
ETR:1COV opened at €37.95 ($44.13) on Tuesday. The firm’s 50 day simple moving average is €41.81 and its 200 day simple moving average is €45.97. The company has a debt-to-equity ratio of 43.09, a current ratio of 2.02 and a quick ratio of 1.17. Covestro has a one year low of €38.41 ($44.66) and a one year high of €80.16 ($93.21). The company has a market cap of $6.93 billion and a PE ratio of 7.46.
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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