Covestro AG (0RBE.IL)
- Reuters
Germany's VCI sees chemicals sector 'bright spots' as lifts forecast
Germany's chemicals industry association raised its annual output forecast on Wednesday, highlighting 'bright spots' after a better than forecast start to 2024 due to higher demand outside Europe, particularly in Asia, North America and Latin America. The VCI lobby group, which represents around 1,900 companies in Germany's third-largest industrial sector, now expects production volumes including pharmaceuticals to rise by 3.5%. "We are now looking to the future with a little more confidence, as growth prospects are slowly brightening," said VCI President Markus Steilemann, who is also Chief Executive of chemicals group Covestro.
- Zacks
Is Covestro (COVTY) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Simply Wall St.
Institutional investors control 66% of Covestro AG (ETR:1COV) and were rewarded last week after stock increased 3.5%
Key Insights Significantly high institutional ownership implies Covestro's stock price is sensitive to their trading...
