Berenberg Bank set a €31.00 ($36.05) target price on Evonik Industries (FRA:EVK) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other analysts also recently issued research reports about the company. Deutsche Bank set a €40.00 ($46.51) price target on Evonik Industries and gave the stock a buy rating in a research note on Tuesday, April 2nd. Warburg Research set a €35.75 ($41.57) price target on Evonik Industries and gave the stock a buy rating in a research note on Tuesday, May 7th. UBS Group set a €23.00 ($26.74) price target on Evonik Industries and gave the stock a sell rating in a research note on Tuesday, May 7th. Morgan Stanley set a €34.00 ($39.53) price target on Evonik Industries and gave the stock a buy rating in a research note on Friday, March 22nd. Finally, Barclays set a €27.00 ($31.40) price target on Evonik Industries and gave the stock a neutral rating in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of €30.93 ($35.96).
EVK stock opened at €26.16 ($30.42) on Tuesday. Evonik Industries has a fifty-two week low of €26.78 ($31.14) and a fifty-two week high of €32.97 ($38.34).
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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