Covestro traded at 59.90 this Thursday July 2nd, increasing 0.10 or 0.17 percent since the previous trading session. Looking back, over the last four weeks, Covestro gained 0.34 percent. Over the last 12 months, its price fell by 1.55 percent. Looking ahead, we forecast Covestro to be priced at 58.31 by the end of this quarter and at 53.78 in one year, according to Trading Economics global macro models projections and analysts expectations.
Covestro AG is a Germany-based company engaged in the manufacturing of polymer materials. It develops, produces and markets polyurethanes, polycarbonates and raw materials, as well as coatings, adhesives and other specialties. The Company''s activities are divided into three segments: Polyurethanes, offering precursors, such as flexible polyurethane foam primarily used in the furniture and automotive industries, and rigid foam used as insulating material in the construction industry and in refrigeration chains; Polycarbonates, providing plastic polycarbonates in the form of granules, composite materials, and semi-finished products for use in the automotive, construction, medical technology, lighting industries, among others; and Coatings, Adhesives, Specialties, producing precursors for coatings, adhesives, sealants and specialties, as well as polymer materials and aqueous dispersions for use in automotive and transportation, wood processing and furniture applications, among others.