|Bid||41.84 x 12100|
|Ask||41.87 x 6800|
|Day's Range||41.80 - 41.88|
|52 Week Range||37.30 - 55.78|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||12.90|
|Earnings Date||Feb 19, 2020|
|Forward Dividend & Yield||2.40 (5.76%)|
|1y Target Est||105.21|
Today we'll look at Covestro AG (ETR:1COV) and reflect on its potential as an investment. Specifically, we're going to...
Moody's Investors Service ("Moody's") has downgraded Plaskolite PPC Intermediate II LLC's ("Plaskolite") Corporate Family Rating ("CFR") to B3 from B2. At the same time, Moody's has downgraded Plaskolite's first-lien term loan and revolving credit facility to B3 from B2, and Probability of Default rating to B3-PD from B2-PD.
Macquarie has emerged as the leading bidder for Bayer's 60 percent stake in chemical park operator Currenta, which the German drugmaker has put on the block to reduce its debt pile, people close to the matter said. Talks between Bayer and the Australian bank's Macquarie Infrastructure and Real Assets (MIRA) arm will likely continue for a few more weeks and the deal could still fall apart given the complexity of the negotiations, they added. If no deal emerges, Bayer may fall back on runner-ups DWS and KKR, the sources said, adding that it was unclear whether the Ontario Municipal Employees Retirement System, which also made a final bid in January, was still interested.
U.S. President Donald Trump's decision to delay an increase in tariffs on Chinese goods drove European shares to their highest since October with carmakers, most sensitive to the threat of a global trade war, leading the rally. The pan-European STOXX 600 closed up 0.3 percent and Germany's trade-sensitive DAX rose 0.4 percent. Italy's FTSE MIB outperformed the market, climbing 0.9 percent as government bonds jumped after Fitch affirmed the country's BBB credit rating.
German chemicals maker Covestro said core profit could halve this year as rivals increase production and demand from customers such as the Asian car industry slows. Shares in the maker of chemicals for heat insulation foams and transparent polycarbonate plastics fell as much as 5 percent in early Monday trading.
German chemicals maker Covestro said its 2019 core earnings could fall to as little as half of last year's level as rivals are removing production bottlenecks. The former Bayer subsidiary said earnings ...
Luxury stocks were a silver lining for European markets on Wednesday after strong results from LVMH reassured investors, while looming U.S.-China trade talks kept trading muted and some earnings disappointments weighed. Europe's STOXX 600 traded sideways before closing up 0.25 percent and was on track for its best monthly performance since October 2015. France's LVMH shares jumped 6.7 percent after upbeat results from the luxury conglomerate, which said it was "cautiously" confident as fourth-quarter sales held up despite fears of a China slowdown.
By Christoph Steitz FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw ...