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 research note issued to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the company. Independent Research set a €27.00 ($31.40) target price on Evonik Industries and gave the company a neutral rating in a research note on Tuesday, November 5th. Morgan Stanley set a €34.00 ($39.53) target price on Evonik Industries and gave the company a buy rating in a research note on Monday, July 15th. HSBC set a €25.00 ($29.07) target price on Evonik Industries and gave the company a neutral rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. set a €26.00 ($30.23) target price on Evonik Industries and gave the company a neutral rating in a research note on Tuesday, November 5th. Finally, Warburg Research set a €36.00 ($41.86) target price on Evonik Industries and gave the company a buy rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Evonik Industries has a consensus rating of Hold and an average price target of €28.19 ($32.78).

FRA:EVK traded down €0.24 ($0.28) during mid-day trading on Tuesday, hitting €25.83 ($30.03). The company had a trading volume of 1,129,394 shares. Evonik Industries has a fifty-two week low of €26.78 ($31.14) and a fifty-two week high of €32.97 ($38.34). The business’s fifty day moving average is €23.66 and its two-hundred day moving average is €24.29.

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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