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    1COV   DE0006062144

COVESTRO AG

(1COV)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/19 06:02:01 am
53.23 EUR   -1.35%
01/18COVESTRO : UBS reiterates its Neutral rating
MD
01/18COVESTRO : Goldman Sachs remains its Buy rating
MD
01/18Covestro Buys Remaining 30% Stake Of Japan Venture To Bolster Optical Coatings Position
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Covestro AG commences an Equity Buyback Plan under the authorization approved on April 12, 2019.

11/11/2021 | 10:10am EST

Covestro AG (XTRA:1COV) commences share repurchases on November 8, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 12, 2019. As per the mandate, the company is authorized to repurchase up to 10% of the company?s common stock, such that the company?s holding in treasury together with the shares repurchased does not exceed 10% of its issued share capital at any point of time. The shares will be repurchased at a price which may neither exceed nor be lower than 10% of the price determined by the Frankfurt Stock Exchange on the trading day. The repurchased shares may be resold, transferred, retired or used to pay scrip dividends. The program will expire on April 11, 2024. On October 20, 2021, the company announced a share repurchase program. Under the program, the company will repurchase 143,988 shares, representing 0.074% of its issued share capital for ?8 million. The sole purpose of the program is to meet obligations arising from an employee share participation program. The acquired shares will be transferred to persons employed by the company or certain affiliated companies in November 2021. The program shall be effected during the period from November 08, 2021, to November 12, 2021.


ę S&P Capital IQ 2021
All news about COVESTRO AG
01/18COVESTRO : UBS reiterates its Neutral rating
MD
01/18COVESTRO : Goldman Sachs remains its Buy rating
MD
01/18Covestro Buys Remaining 30% Stake Of Japan Venture To Bolster Optical Coatings Position
MT
01/18COVESTRO : becomes sole owner of Japan Fine Coatings Co., Ltd.
PU
01/17Fortescue's Forrest says German hydrogen deal is just the start
RE
01/17Fortescue Metals Unit Nears Long-Term Deal to Supply Green Hydrogen to Covestro
MT
01/16Australia's Fortescue set to supply green hydrogen to Germany's Covestro
RE
01/13COVESTRO : receives first DNV adjustment certification for partial reduction factor &gamma..
PU
01/06COVESTRO : Gets a Buy rating from Deutsche Bank
MD
2021COVESTRO : signs first global agreement to supply mass-balanced TDI to Sinomax
PU
More news
Analyst Recommendations on COVESTRO AG
More recommendations
Financials
Sales 2021 15 421 M 17 491 M 17 491 M
Net income 2021 1 634 M 1 853 M 1 853 M
Net Debt 2021 1 123 M 1 274 M 1 274 M
P/E ratio 2021 6,40x
Yield 2021 6,50%
Capitalization 10 417 M 11 804 M 11 815 M
EV / Sales 2021 0,75x
EV / Sales 2022 0,73x
Nbr of Employees 17 883
Free-Float 97,0%
Chart COVESTRO AG
Duration : Period :
Covestro AG Technical Analysis Chart | 1COV | DE0006062144 | MarketScreener
Technical analysis trends COVESTRO AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 53,96 €
Average target price 66,27 €
Spread / Average Target 22,8%
EPS Revisions
Managers and Directors
Markus Steilemann Chief Executive Officer
Thomas Toepfer Chief Financial Officer & Labor Director
Richard Pott Chairman-Supervisory Board
Klaus Schńfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
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