Covestro (ETR:1COV) Given a €50.00 Price Target by Deutsche Bank Aktiengesellschaft Analysts

Deutsche Bank Aktiengesellschaft set a €50.00 ($51.55) target price on Covestro (ETR:1COVGet Rating) in a research report released on Tuesday morning, Borsen Zeitung reports.

1COV has been the topic of several other reports. Baader Bank set a €42.00 ($43.30) target price on Covestro in a report on Monday. UBS Group set a €33.00 ($34.02) target price on Covestro in a report on Monday. Barclays set a €60.00 ($61.86) target price on Covestro in a report on Wednesday, July 13th. Credit Suisse Group set a €40.00 ($41.24) target price on Covestro in a report on Wednesday, July 20th. Finally, Berenberg Bank set a €50.00 ($51.55) target price on Covestro in a report on Friday, May 6th.

Covestro Stock Performance

Shares of ETR 1COV opened at €33.51 ($34.55) on Tuesday. The company has a debt-to-equity ratio of 29.73, a current ratio of 2.00 and a quick ratio of 1.14. The stock’s fifty day moving average price is €36.31 and its two-hundred day moving average price is €43.09. Covestro has a one year low of €30.73 ($31.68) and a one year high of €60.24 ($62.10). The firm has a market cap of $6.47 billion and a price-to-earnings ratio of 3.95.

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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