Covestro (ETR:1COV) received a €110.00 ($127.91) price target from investment analysts at UBS Group in a research report issued to clients and investors on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 49.66% from the company’s previous close.
Several other equities research analysts have also commented on the stock. Goldman Sachs Group set a €69.00 ($80.23) price objective on shares of Covestro and gave the company a “sell” rating in a research note on Wednesday. HSBC set a €107.00 ($124.42) price objective on shares of Covestro and gave the company a “buy” rating in a research note on Tuesday. Societe Generale set a €85.00 ($98.84) price objective on shares of Covestro and gave the company a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. set a €105.00 ($122.09) price objective on shares of Covestro and gave the company a “buy” rating in a research note on Monday. Finally, Baader Bank set a €84.00 ($97.67) price objective on shares of Covestro and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Covestro presently has an average rating of “Hold” and a consensus target price of €92.42 ($107.47).
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1COV opened at €73.50 ($85.47) on Thursday. Covestro has a fifty-two week low of €61.95 ($72.03) and a fifty-two week high of €96.32 ($112.00).
Covestro Company Profile
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.
