Covestro (ETR:1COV) Given a €56.00 Price Target at Jefferies Financial Group

Covestro (ETR:1COVGet Rating) has been given a €56.00 ($59.57) price target by stock analysts at Jefferies Financial Group in a report issued on Friday, Borsen Zeitung reports. Jefferies Financial Group’s price target would indicate a potential upside of 33.68% from the company’s previous close.

Several other research analysts also recently commented on 1COV. Deutsche Bank Aktiengesellschaft set a €74.00 ($78.72) price objective on Covestro in a research note on Wednesday, March 2nd. Credit Suisse Group set a €53.00 ($56.38) target price on Covestro in a research report on Wednesday, March 2nd. UBS Group set a €43.00 ($45.74) target price on Covestro in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. set a €62.00 ($65.96) target price on Covestro in a research report on Tuesday, May 3rd. Finally, The Goldman Sachs Group set a €80.00 ($85.11) target price on Covestro in a research report on Tuesday, May 3rd.

Shares of ETR 1COV traded up €1.65 ($1.76) during trading on Friday, hitting €41.89 ($44.56). The company had a trading volume of 521,576 shares, compared to its average volume of 917,794. The stock has a 50 day simple moving average of €43.00 and a 200 day simple moving average of €49.09. The company has a debt-to-equity ratio of 29.73, a quick ratio of 1.01 and a current ratio of 2.00. Covestro has a 12 month low of €37.97 ($40.39) and a 12 month high of €60.24 ($64.09). The firm has a market capitalization of $8.09 billion and a P/E ratio of 4.94.

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.

See Also

Receive News & Ratings for Covestro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Covestro and related companies with MarketBeat.com's FREE daily email newsletter.