Berenberg Bank Reiterates “€31.00” Price Target for Evonik Industries (EVK)

Berenberg Bank set a €31.00 ($36.05) price target on Evonik Industries (FRA:EVK) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Warburg Research set a €32.60 ($37.91) target price on Evonik Industries and gave the stock a buy rating in a research note on Tuesday, February 12th. Commerzbank set a €35.00 ($40.70) target price on Evonik Industries and gave the stock a buy rating in a research note on Monday, March 4th. Baader Bank set a €34.00 ($39.53) target price on Evonik Industries and gave the stock a buy rating in a research note on Friday, January 18th. Credit Suisse Group set a €28.00 ($32.56) target price on Evonik Industries and gave the stock a buy rating in a research note on Thursday, January 17th. Finally, Sanford C. Bernstein set a €30.00 ($34.88) target price on Evonik Industries and gave the stock a buy rating in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of €30.93 ($35.96).

Shares of EVK stock opened at €26.26 ($30.53) on Tuesday. Evonik Industries has a 12-month low of €26.78 ($31.14) and a 12-month 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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