Berenberg Bank Reiterates €30.00 Price Target for Evonik Industries (FRA:EVK)

Berenberg Bank set a €30.00 ($34.88) price objective on Evonik Industries (FRA:EVK) in a research report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on EVK. UBS Group set a €20.00 ($23.26) price objective on Evonik Industries and gave the stock a sell rating in a research report on Tuesday, November 5th. Deutsche Bank set a €37.00 ($43.02) price objective on Evonik Industries and gave the stock a buy rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. set a €29.00 ($33.72) price objective on Evonik Industries and gave the stock a buy rating in a research report on Thursday, December 12th. Barclays set a €25.00 ($29.07) price objective on Evonik Industries and gave the stock a neutral rating in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein set a €30.00 ($34.88) price objective on Evonik Industries and gave the stock a buy rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €28.59 ($33.25).

Shares of EVK stock opened at €25.73 ($29.92) on Tuesday. Evonik Industries has a twelve month low of €26.78 ($31.14) and a twelve month high of €32.97 ($38.34). The business has a fifty day simple moving average of €26.76 and a 200 day simple moving average of €24.73.

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, oleochemicals, 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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Analyst Recommendations for Evonik Industries (FRA:EVK)

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