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MarketScreener Homepage  >  Equities  >  Xetra  >  Covestro AG    1COV   DE0006062144

COVESTRO AG

(1COV)
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Covestro : Shares in plastics maker Covestro up 10% on takeover report

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09/18/2020 | 03:03am EDT

BERLIN, Sept 18 (Reuters) - Shares in German blue-chip company Covestro rose by 9.9% in early trade on Friday after Bloomberg reported private equity firm Apollo Global Management was exploring a takeover of the plastics maker.

The talks are at an early stage and there is no certainty they will result in a deal, the report said.

"Apollo has broad experience in the plastics industry with a prior investment in LyondellBasell and unsuccessful aim to takeover RPC Group Plc, so story seems very likely," a local trader said.

Apollo and Covestro did not immediately respond to Reuters requests for comment. (Reporting by Thomas Seythal Editing by Riham Alkousaa)


Stocks mentioned in the article
ChangeLast1st jan.
COVESTRO AG 0.87% 43.98 Delayed Quote.6.10%
LYONDELLBASELL INDUSTRIES N.V. -0.23% 76.9 Delayed Quote.-18.61%
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Financials
Sales 2020 10 469 M 12 418 M 12 418 M
Net income 2020 144 M 171 M 171 M
Net Debt 2020 1 245 M 1 477 M 1 477 M
P/E ratio 2020 50,6x
Yield 2020 2,85%
Capitalization 8 491 M 10 051 M 10 071 M
EV / Sales 2020 0,93x
EV / Sales 2021 0,88x
Nbr of Employees 16 803
Free-Float 92,8%
Chart COVESTRO AG
Duration : Period :
Covestro AG Technical Analysis Chart | 1COV | DE0006062144 | MarketScreener
Technical analysis trends COVESTRO AG
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 50,43 €
Last Close Price 43,98 €
Spread / Highest target 54,6%
Spread / Average Target 14,7%
Spread / Lowest Target -18,1%
EPS Revisions
Managers
NameTitle
Markus Steilemann Chief Executive Officer
Richard Pott Chairman-Supervisory Board
Thomas Toepfer Chief Financial Officer & Labor Director
Klaus Schäfer Chief Technology Officer
Petra Kronen Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
COVESTRO AG6.10%10 051
LG CHEM, LTD.104.72%41 844
DOW INC.-11.33%35 997
FORMOSA PLASTICS CORPORATION-20.04%17 713
FORMOSA CHEMICALS & FIBRE CORPORATION-20.80%14 134
HANGZHOU FIRST APPLIED MATERIAL CO., LTD.112.05%8 471