Covestro (ETR:1COV) Given a €43.00 Price Target by UBS Group Analysts

UBS Group set a €43.00 ($45.26) target price on Covestro (ETR:1COV – Get Rating) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports.

A number of other research firms also recently weighed in on 1COV. Barclays set a €71.00 ($74.74) target price on shares of Covestro in a research report on Thursday, February 3rd. Jefferies Financial Group set a €56.00 ($58.95) target price on shares of Covestro in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. set a €62.00 ($65.26) target price on shares of Covestro in a research report on Tuesday. Deutsche Bank Rese… set a €72.00 ($75.79) price target on shares of Covestro in a research note on Wednesday, April 6th. Finally, Baader Bank set a €53.00 ($55.79) price target on shares of Covestro in a research note on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Covestro presently has a consensus rating of Buy and a consensus target price of €63.85 ($67.21).

ETR:1COV opened at €39.40 ($41.47) on Tuesday. The firm’s 50-day moving average price is €45.17 and its 200-day moving average price is €51.06. The company has a market capitalization of $7.61 billion and a PE ratio of 4.71. The company has a debt-to-equity ratio of 32.60, a current ratio of 1.93 and a quick ratio of 0.98. Covestro has a 1-year low of €38.06 ($40.06) and a 1-year high of €60.24 ($63.41).

Covestro Company Profile (Get Rating)

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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