Covestro (ETR:1COV) PT Set at €56.00 by Barclays

Covestro (ETR:1COVGet Rating) received a €56.00 ($57.73) target price from equities researchers at Barclays in a report released on Monday, Borsen Zeitung reports. Barclays‘s price objective would suggest a potential upside of 52.51% from the stock’s current price.

1COV has been the topic of several other reports. Baader Bank set a €41.00 ($42.27) target price on Covestro in a research report on Tuesday, October 25th. Credit Suisse Group set a €31.00 ($31.96) target price on Covestro in a research note on Wednesday, October 26th. Berenberg Bank set a €44.00 ($45.36) price target on Covestro in a research note on Thursday, October 27th. UBS Group set a €36.00 ($37.11) price target on Covestro in a research note on Monday, October 31st. Finally, Deutsche Bank Aktiengesellschaft set a €45.00 ($46.39) price target on Covestro in a research note on Wednesday, October 26th.

Covestro Price Performance

1COV stock opened at €36.72 ($37.86) on Monday. Covestro has a 1 year low of €27.69 ($28.55) and a 1 year high of €58.48 ($60.29). The company has a debt-to-equity ratio of 36.17, a quick ratio of 0.85 and a current ratio of 1.78. The stock’s 50 day moving average price is €32.64 and its 200 day moving average price is €34.56. The firm has a market cap of $7.09 billion and a P/E ratio of 7.71.

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.

Read More

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.