Covestro (ETR:1COV) given a price target of €42.00 at UBS Group


UBS Group has set a price target of €42.00 ($44.21) Covestro (ETR:1COV – Get an Assessment) in a report released on Friday, Borsen Zeitung reports.

1COV has been the subject of several other reports. Deutsche Bank Aktiengesellschaft set a price target of €74.00 ($77.89) on Covestro shares in a Wednesday, March 2 research note. JPMorgan Chase & Co. set a price target of €58.50 ($61.58) on Covestro shares in a research note on Friday. Goldman Sachs Group set a price target of €78.00 ($82.11) on Covestro shares in a research note on Friday. Credit Suisse Group set a price target of €53.00 ($55.79) on Covestro shares in a Wednesday, March 2 research note. Finally, Jefferies Financial Group set a price target of €56.00 ($58.95) on Covestro shares in a Friday, May 27 research note.

Shares of 1COV opened at €34.48 ($36.29) on Friday. The company has a debt ratio of 29.73, a quick ratio of 1.01 and a current ratio of 2.00. The stock has a market capitalization of $6.66 billion and a P/E ratio of 4.06. The company’s fifty-day moving average is €40.66 and its two-hundred-day moving average is €47.06. Covestro has a 1-year minimum of €35.92 ($37.81) and a 1-year maximum of €60.24 ($63.41).

Covestro Company Profile (Get an assessment)

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), tolylene diisocyanate, long-chain polyols and polycarbonate resins for use in furniture and wood. process, construction, automotive and transportation industries, as well as roof structures, building and refrigerator insulation, mattresses, car seats and other applications.

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