|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.32 - 23.52|
|52 Week Range||21.73 - 48.95|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||3.43|
|Forward Dividend & Yield||1.35 (4.93%)|
|1y Target Est||N/A|
The German company’s stock has been hit by overcapacity and the other ills of the plastics industry, but it’s now very cheap and has a chance to grow its automotive business.
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 ...