Covestro (ETR:1COV) Given a €44.00 Price Target at Berenberg Bank

Berenberg Bank set a €44.00 ($44.90) target price on Covestro (ETR:1COVGet Rating) in a report released on Tuesday morning, Borsen Zeitung reports.

A number of other equities research analysts have also weighed in on the company. Credit Suisse Group set a €40.00 ($40.82) price objective on Covestro in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft set a €45.00 ($45.92) price target on Covestro in a research report on Wednesday, August 31st. JPMorgan Chase & Co. set a €40.00 ($40.82) price target on Covestro in a research report on Tuesday, September 13th. Baader Bank set a €42.00 ($42.86) price target on Covestro in a research report on Monday, August 1st. Finally, Jefferies Financial Group set a €40.00 ($40.82) price objective on Covestro in a research note on Monday, August 15th.

Covestro Price Performance

Shares of 1COV stock opened at €29.82 ($30.43) on Tuesday. The firm has a market cap of $5.76 billion and a P/E ratio of 4.14. Covestro has a fifty-two week low of €28.74 ($29.33) and a fifty-two week high of €60.24 ($61.47). The business’s 50 day moving average price is €31.74 and its 200-day moving average price is €37.95. The company has a debt-to-equity ratio of 36.57, a quick ratio of 0.91 and a current ratio of 1.79.

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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