Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

COVESTRO AG

(1COV)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Covestro denies it is in takeover talks with Apollo

share with twitter share with LinkedIn share with facebook
09/18/2020 | 04:42am EDT

MUNICH, Sept 18 (Reuters) - German plastics maker Covestro rejected a report on Friday that it was in takeover talks with private equity firm Apollo Global Management.

Shares in the blue-chip company were trading up 6.1% by 0723 GMT, having risen as much as 11% in pre-market trade following a Bloomberg report that Apollo was exploring a takeover.

"We are not in takeover talks with Apollo," spokesman Lars Boelke said. "We are regularly in talks with various market participants about strategic opportunities."

Apollo could not immediately be reached for comment.

Shares in Covestro, which was spun out from Bayer in 2015, have shed more than half of their value since hitting a peak in February 2018.

It had a market value of 8.14 billion euros as of Thursday's market close, Refinitiv Eikon data showed.

The company told Reuters last month it was on track for better-than-expected earnings in the third quarter as stay-at-home workers' appetite to upgrade their mobile devices and furniture drives demand for the company's materials. (Reporting by Alexander Huebner; writing by Caroline Copley; editing by Riham Alkousaa and Jason Neely)


Stocks mentioned in the article
ChangeLast1st jan.
APOLLO GLOBAL MANAGEMENT, INC. -2.07% 40.38 Delayed Quote.-13.75%
BAYER AG 0.31% 42.555 Delayed Quote.-41.73%
COVESTRO AG -2.77% 42.76 Delayed Quote.6.10%
share with twitter share with LinkedIn share with facebook
All news about COVESTRO AG
10:10aCOVESTRO AG : Release according to Article 40, Section 1 of the WpHG [the German..
EQ
10/23COVESTRO AG : Release according to Article 40, Section 1 of the WpHG [the German..
EQ
10/21COVESTRO : Neste Corporation - Next milestone in the strategic cooperation of Ne..
AQ
10/20COVESTRO : receives first supply of certified renewable phenol for polycarbonate..
PU
10/20COVESTRO AG : Release according to Article 40, Section 1 of the WpHG [the German..
EQ
10/20COVESTRO AG : Release according to Article 40, Section 1 of the WpHG [the German..
EQ
10/19COVESTRO : UBS reiterates its Sell rating
MD
10/16COVESTRO AG : Release according to Article 40, Section 1 of the WpHG [the German..
EQ
10/15COVESTRO : NorldLB sticks Neutral
MD
10/15COVESTRO : Independant Research remains Neutral
MD
More news
Financials
Sales 2020 10 469 M 12 373 M 12 373 M
Net income 2020 144 M 170 M 170 M
Net Debt 2020 1 245 M 1 472 M 1 472 M
P/E ratio 2020 50,6x
Yield 2020 2,85%
Capitalization 8 491 M 10 051 M 10 035 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 | MarketScreener
Full-screen chart
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.-13.23%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