Covestro AG Stock

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

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Covestro AG Stock

A loss of -1.220% shows a downward development for Covestro AG.

Our community is currently high on Covestro AG with 4 Buy predictions and 0 Sell predictions.

With a target price of 56 € there is a slightly positive potential of 2.12% for Covestro AG compared to the current price of 54.84 €.

So far the community has only identified positive things for Covestro AG stock. The most positive votes were given for criterium "Worthwhile Investment for the next years".

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
Eastman Chemical Co.
Celanese Corp. A
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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