1COV has been the subject of several other research reports. Kepler Capital Markets set a €85.00 ($100.00) price objective on shares of Covestro AG and gave the stock a buy rating in a research report on Friday, June 2nd. HSBC Holdings plc set a €55.00 ($64.71) price objective on shares of Covestro AG and gave the stock a sell rating in a research report on Wednesday, May 24th. Jefferies Group LLC set a €86.00 ($101.18) price target on shares of Covestro AG and gave the company a buy rating in a research report on Friday, May 26th. Commerzbank Ag set a €78.00 ($91.76) price target on shares of Covestro AG and gave the company a neutral rating in a research report on Friday, June 30th. Finally, Barclays PLC set a €74.00 ($87.06) price target on shares of Covestro AG and gave the company a neutral rating in a research report on Monday, July 3rd. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Covestro AG currently has a consensus rating of Hold and a consensus price target of €71.67 ($84.31).
Shares of Covestro AG (1COV) traded up 2.093% on Monday, reaching €67.473. 645 shares of the company were exchanged. Covestro AG has a 12 month low of €41.66 and a 12 month high of €76.40. The company’s 50-day moving average price is €65.22 and its 200 day moving average price is €68.29. The company has a market cap of €13.66 billion and a price-to-earnings ratio of 10.234.
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About Covestro AG
Covestro AG is a Germany-based company engaged in the manufacture of plastic materials. The Company specializes in developing, producing and marketing of polyurethanes, polycarbonates and raw materials for automotive, construction, packing, wood and furniture, sports and leisure, medical, textile, cosmetics, as well as electrical and electronics sector, among others.
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