Evonik Industries (FRA:EVK) Given a €30.00 Price Target by Berenberg Bank Analysts

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

A number of other brokerages have also commented on EVK. Barclays set a €24.00 ($27.91) price objective on Evonik Industries and gave the stock a neutral rating in a report on Tuesday. Independent Research set a €27.00 ($31.40) price objective on Evonik Industries and gave the stock a neutral rating in a report on Tuesday. Credit Suisse Group set a €25.00 ($29.07) price objective on Evonik Industries and gave the stock a neutral rating in a report on Tuesday. UBS Group set a €20.00 ($23.26) price objective on Evonik Industries and gave the stock a sell rating in a report on Tuesday. Finally, JPMorgan Chase & Co. set a €26.00 ($30.23) price objective on Evonik Industries and gave the stock a neutral rating in a report on Tuesday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €28.30 ($32.91).

Shares of EVK opened at €26.22 ($30.49) on Wednesday. The stock has a 50 day moving average price of €23.31 and a two-hundred day moving average price of €24.31. Evonik Industries has a 52 week low of €26.78 ($31.14) and a 52 week high of €32.97 ($38.34).

About Evonik Industries

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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