Goldman Sachs Group Analysts Give Covestro (1COV) a €62.00 Price Target

Covestro (ETR:1COV) has been assigned a €62.00 ($72.09) target price by analysts at Goldman Sachs Group in a research note issued to investors on Monday. The firm currently has a “sell” rating on the stock. Goldman Sachs Group’s price objective points to a potential downside of 6.99% from the stock’s current price.

A number of other research analysts also recently commented on 1COV. Kepler Capital Markets set a €120.00 ($139.53) target price on Covestro and gave the company a “buy” rating in a research note on Thursday, July 26th. JPMorgan Chase & Co. set a €105.00 ($122.09) target price on Covestro and gave the company a “buy” rating in a research note on Tuesday, June 26th. Baader Bank set a €84.00 ($97.67) target price on Covestro and gave the company a “buy” rating in a research note on Monday, July 2nd. UBS Group set a €110.00 ($127.91) target price on Covestro and gave the company a “buy” rating in a research note on Thursday, July 5th. Finally, HSBC set a €107.00 ($124.42) target price on Covestro and gave the company a “buy” rating in a research note on Tuesday, July 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Covestro presently has a consensus rating of “Hold” and a consensus target price of €93.28 ($108.46).

Shares of ETR 1COV opened at €66.66 ($77.51) on Monday. Covestro has a one year low of €61.95 ($72.03) and a one year 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.

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Analyst Recommendations for Covestro (ETR:1COV)

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