Evonik Industries (FRA:EVK) PT Set at €30.00 by Berenberg Bank

Evonik Industries (FRA:EVK) has been given a €30.00 ($34.88) price target by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 16.14% from the stock’s current price.

EVK has been the topic of a number of other research reports. Independent Research set a €27.00 ($31.40) price target on shares of Evonik Industries and gave the company a “neutral” rating in a report on Tuesday, November 5th. Barclays set a €24.00 ($27.91) price target on shares of Evonik Industries and gave the company a “neutral” rating in a report on Tuesday, November 5th. Sanford C. Bernstein set a €30.00 ($34.88) price target on shares of Evonik Industries and gave the company a “buy” rating in a report on Monday. Nord/LB set a €24.00 ($27.91) price target on shares of Evonik Industries and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, UBS Group set a €20.00 ($23.26) price target on shares of Evonik Industries and gave the company a “sell” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of €28.19 ($32.78).

Shares of Evonik Industries stock traded down €0.24 ($0.28) during midday trading on Tuesday, reaching €25.83 ($30.03). 1,129,394 shares of the company’s stock traded hands. The company’s 50 day simple moving average is €23.66 and its 200 day simple moving average is €24.29. Evonik Industries has a 52 week low of €26.78 ($31.14) and a 52 week 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, 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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