Covestro AG Stock

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/ Tradegate WKN: 606214 / Name: Covestro / Stock / Chemicals / Large Cap /

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Covestro AG Stock

The Covestro AG stock is trending slightly upwards today, with an increase of €0.16 (0.300%) compared to yesterday's price.

Currently there is a rather positive sentiment for Covestro AG with 3 Buy predictions and 0 Sell predictions.

As a result the target price of 56 € shows a slightly positive potential of 4.4% compared to the current price of 53.64 € for Covestro AG.

Criterium "Worthwhile Investment for the next years" is seen as the biggest plus for Covestro AG stock. Negative votes have not been in the majority for any criteria for this stock

Covestro is a German-based multinational polymer company that specializes in the production of high-performance polymers, coatings, and adhesives used in various industries such as automotive, construction, and electronics. Formerly part of the chemical giant Bayer, Covestro became an independent company in 2015 and is now listed on the Frankfurt Stock Exchange. With over 30 production sites, Covestro has a global presence and employs over 16,000 people worldwide. The company's commitment to sustainability and innovation has earned it a reputation as a leader in the polymer industry.

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Pros and Cons of Covestro AG in the next few years

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Performance of Covestro AG vs. its peers

Security	Change(%)	1w	1m	1y	YTD	3y	5y
Covestro AG
Celanese Corp. A
Eastman Chemical Co.
Air Products + Chemicals

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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.

Last updated at 2024-08-01

Assessing Covestro's financials reveals a company navigating a challenging landscape within the chemical industry. While the revenue base and asset management reflect solid fundamentals, certain indicators, particularly net income trends and profitability ratios, raise concerns. The financials exhibit a complex interplay between growth potential and profitability pressures, which is characteristic of the current economic climate faced by many companies in this sector.

When examining the financial statements, several strengths and weaknesses emerge.

*Pros: *

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