Covestro (ETR:1COV) PT Set at €48.00 by Goldman Sachs Group

Covestro (ETR:1COV) received a €48.00 ($55.81) price objective from research analysts at Goldman Sachs Group in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 24.58% from the company’s current price.

A number of other research analysts have also weighed in on 1COV. Berenberg Bank set a €50.00 ($58.14) target price on shares of Covestro and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Morgan Stanley set a €55.00 ($63.95) target price on shares of Covestro and gave the stock a “buy” rating in a research note on Monday, July 15th. Jefferies Financial Group set a €57.00 ($66.28) target price on shares of Covestro and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Baader Bank set a €42.00 ($48.84) target price on shares of Covestro and gave the stock a “sell” rating in a research note on Tuesday. Finally, DZ Bank reissued a “sell” rating on shares of Covestro in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of €51.81 ($60.24).

1COV opened at €38.53 ($44.80) on Tuesday. The company has a debt-to-equity ratio of 43.09, a current ratio of 2.02 and a quick ratio of 1.17. The business has a 50 day simple moving average of €41.92. Covestro has a 1-year low of €38.41 ($44.66) and a 1-year high of €80.16 ($93.21). The stock has a market cap of $7.04 billion and a price-to-earnings ratio of 7.57.

About Covestro

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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