Evonik Industries (FRA:EVK) PT Set at €29.00 by Berenberg Bank

Evonik Industries (FRA:EVK) has been given a €29.00 ($33.72) price target by stock analysts at Berenberg Bank in a research note issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 30.22% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Kepler Capital Markets set a €25.00 ($29.07) price objective on shares of Evonik Industries and gave the stock a “sell” rating in a report on Tuesday, May 7th. Independent Research set a €25.00 ($29.07) price objective on shares of Evonik Industries and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Morgan Stanley set a €34.00 ($39.53) price objective on shares of Evonik Industries and gave the stock a “buy” rating in a report on Monday, July 15th. Baader Bank set a €29.00 ($33.72) price objective on shares of Evonik Industries and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Warburg Research set a €36.00 ($41.86) price objective on shares of Evonik Industries and gave the stock a “buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of €30.05 ($34.94).

Shares of FRA:EVK opened at €22.27 ($25.90) on Tuesday. Evonik Industries has a 1 year low of €26.78 ($31.14) and a 1 year high of €32.97 ($38.34). The firm has a fifty day moving average price of €24.41 and a 200 day moving average price of €25.05.

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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