Baader Bank: Covestro shares receive add

Baader Bank has closely examined the Covestro share. Here are the resulting results.

Baader Bank has left the rating for Covestro at “Add” with a price target of 53 euros. According to his outlook from Thursday, analyst Konstantin Wiechert expects very weak quarterly results. And his estimates for 2025 are also clearly below consensus. These prospects once again underlined the attractiveness of the takeover offer for investors.

Current stock recommendation: The Covestro share is the focus of the analysis and evaluation

Covestro’s stock was able to climb at 3:18 p.m. and rose by 0.1 percent to EUR 57.96 in XETRA trading. The stock therefore still has a downside risk of 8.56 percent compared to the specified price target. Most recently, 59,613 Covestro shares changed hands via XETRA. The share rose by 10.0 percent over the year 2024. Covestro’s Q4 2024 balance sheet is expected on February 26, 2025.

MUNICH (dpa-AFX Analyzer) / editorial team finanzen.net

Publication of the original study: December 12, 2024 / 1:14 p.m. / CET
First time distribution of the original study: date not specified in study / time not specified in study / CET

Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Para. 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found at http://web.dpa-afx.de/offenstellenpflicht/ disclosure_duty.html.

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