Covestro (ETR:1COV) Given a €33.00 Price Target at UBS Group

UBS Group set a €33.00 ($34.02) price target on Covestro (ETR:1COVGet Rating) in a research report released on Monday, Borsen Zeitung reports.

Other research analysts have also recently issued reports about the company. Baader Bank set a €42.00 ($43.30) target price on Covestro in a report on Tuesday, July 12th. Berenberg Bank set a €50.00 ($51.55) target price on Covestro in a report on Friday, May 6th. Jefferies Financial Group set a €56.00 ($57.73) target price on Covestro in a report on Friday. The Goldman Sachs Group set a €79.00 ($81.44) target price on Covestro in a report on Monday. Finally, Barclays set a €60.00 ($61.86) target price on Covestro in a report on Wednesday, July 13th.

Covestro Trading Down 0.5 %

1COV stock opened at €33.05 ($34.07) on Monday. The company has a current ratio of 2.00, a quick ratio of 1.14 and a debt-to-equity ratio of 29.73. Covestro has a 12-month low of €30.73 ($31.68) and a 12-month high of €60.24 ($62.10). The stock has a market cap of $6.39 billion and a price-to-earnings ratio of 3.91. The business’s 50-day moving average is €36.47 and its 200 day moving average is €43.16.

Covestro Company Profile

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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.

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