Evonik Industries (EVK) Given a €39.00 Price Target at Commerzbank

Commerzbank set a €39.00 ($45.35) price target on Evonik Industries (FRA:EVK) in a research report sent to investors on Monday. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on EVK. Berenberg Bank set a €38.00 ($44.19) price objective on Evonik Industries and gave the company a buy rating in a report on Friday, August 3rd. Independent Research set a €34.00 ($39.53) price objective on Evonik Industries and gave the company a neutral rating in a report on Tuesday, August 7th. Deutsche Bank set a €40.00 ($46.51) price objective on Evonik Industries and gave the company a buy rating in a report on Friday, August 3rd. equinet set a €41.00 ($47.67) price objective on Evonik Industries and gave the company a buy rating in a report on Friday, August 3rd. Finally, Goldman Sachs Group set a €32.00 ($37.21) price objective on Evonik Industries and gave the company a neutral rating in a report on Thursday, August 9th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Evonik Industries presently has an average rating of Hold and a consensus target price of €34.90 ($40.58).

Evonik Industries stock opened at €31.77 ($36.94) on Monday. Evonik Industries has a twelve month low of €26.78 ($31.14) and a twelve month high of €32.97 ($38.34).

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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