Covestro sets date for Bayer stake sale decision, shares tracked in DAX chemicals sector

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 11:11.

Covestro (DE0006062144) remains closely watched on Xetra as investors look ahead to Bayer’s planned sale of its remaining stake in the materials specialist, which management has indicated should be decided in the coming months according to recent press interviews. Analysts continue to refine their estimates for the DAX chemicals group, with updated consensus data shaping expectations.

What recent reports highlight

Recent coverage in the German business press has underlined that Bayer still holds a significant minority stake in Covestro and is working on options for an orderly exit, including a potential placement to institutional investors. The timing of any decision is tied to market conditions in the European chemicals sector and broader DAX liquidity.

Market commentators note that Covestro’s business remains cyclical and sensitive to global industrial demand, including automotive and construction, which are key end markets for its polyurethanes and polycarbonates. In this context, any larger share placement by Bayer would likely be coordinated with banking syndicates to minimize disruption on Xetra and Tradegate.

Consensus and analyst stance

Analyst data compiled by MarketScreener shows that a majority of covering houses rate Covestro between Hold and Buy, with an average target price that implies only a limited upside from recent trading levels. Among the active research houses are Deutsche Bank and UBS, which have both highlighted the importance of cost discipline and cash generation in their latest notes.

Several analysts point out that Covestro’s earnings recovery depends on a gradual normalization of selling prices and utilization rates across its main product lines. According to a recent overview by dpa-AFX, the chemicals segment in the DAX has been trading mixed this week, with peer BASF also reacting to changing commodity and energy price expectations.

What the company sells

Covestro generates its revenue mainly with high-performance polymers, notably polyurethanes for foams and insulation and polycarbonates for durable plastics in automotive and electronics. The group also supplies coatings and adhesives materials to industrial clients worldwide.

Where the stock trades today

The Covestro shares (DE0006062144) last traded on Xetra at 47.20 euros on 2026-06-26, 10:55, according to Deutsche Börse data.

This article is for informational purposes only and does not constitute investment advice, investment recommendation or an invitation to buy or sell securities. All information has been researched with care; nevertheless, no guarantee is given for correctness or completeness. Investors should conduct their own research or consult a professional advisor before making investment decisions.