Goldman Sachs Group analysts give Covestro (ETR: 1COV) a price target of €79.00

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Goldman Sachs Group has set a price target of €79.00 ($82.29) on Coustro (ETR:1VOCGet a rating) in a research note delivered to investors on Friday, Borsen Zeitung reports.

Several other research analysts have also recently commented on 1COV. Deutsche Bank Rese… set a target price of €60.00 ($62.50) on Covestro shares in a Wednesday, May 4, research note. Jefferies Financial Group set a target price of €56.00 ($58.33) on Covestro shares in a Friday, May 27 research note. Berenberg Bank set a price target of €50.00 ($52.08) on Covestro shares in a Friday, May 6 report. UBS Group set a price target of €42.00 ($43.75) on Covestro shares in a Monday, July 4, report. Finally, JPMorgan Chase & Co. set a price target of €58.50 ($60.94) on Covestro shares in a Friday, June 24 report.

Shares of ETR 1VOC opened at €33.44 ($34.83) on Friday. The company has a quick ratio of 1.01, a current ratio of 2.00 and a debt ratio of 29.73. Covestro has a 52-week minimum of €31.46 ($32.77) and a 52-week maximum of €60.24 ($62.75). The company’s fifty-day moving average is €38.59 and its 200-day moving average is €45.74. The company has a market capitalization of $6.46 billion and a price-to-earnings ratio of 3.94.

Covestro Company Profile (Get a rating)

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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