Evonik Industries (FRA:EVK) received a €37.00 ($45.68) target price from stock analysts at Berenberg Bank in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 24.71% from the stock’s previous close.
Other analysts have also issued reports about the company. Commerzbank set a €39.00 ($48.15) price target on Evonik Industries and gave the company a “buy” rating in a research note on Wednesday, April 11th. Credit Suisse Group set a €34.30 ($42.35) price target on Evonik Industries and gave the company a “buy” rating in a research note on Wednesday, April 11th. Baader Bank set a €38.00 ($46.91) price objective on Evonik Industries and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Warburg Research set a €38.70 ($47.78) price objective on Evonik Industries and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Citigroup set a €36.00 ($44.44) price objective on Evonik Industries and gave the stock a “buy” rating in a research report on Thursday, March 15th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of €33.75 ($41.67).
Shares of EVK stock opened at €29.67 ($36.63) on Monday. Evonik Industries has a 12 month low of €26.78 ($33.06) and a 12 month high of €32.97 ($40.70).
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Evonik Industries Company Profile
Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offers specialty chemicals, including amphoteric surfactants, ceramides, phytosphingosines, oleochemical quaternary derivatives, polyurethane additives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, and animal nutrition and healthcare products.
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