Jefferies Financial Group Analysts Give Covestro (ETR:1COV) a €56.00 Price Target

Jefferies Financial Group set a €56.00 ($58.95) target price on Covestro (ETR:1COV – Get Rating) in a report released on Tuesday, Borsen Zeitung reports.

Several other equities research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a €74.00 ($77.89) target price on Covestro in a research note on Wednesday, March 2nd. Baader Bank set a €53.00 ($55.79) target price on Covestro in a research note on Friday, April 8th. Credit Suisse Group set a €53.00 ($55.79) target price on Covestro in a research note on Wednesday, March 2nd. UBS Group set a €43.00 ($45.26) target price on Covestro in a research note on Tuesday. Finally, Barclays set a €71.00 ($74.74) target price on Covestro in a research note on Thursday, February 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Buy and a consensus target price of €63.85 ($67.21).

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

About Covestro (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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