Deutsche Bank Reiterates €40.00 Price Target for Evonik Industries (EVK)

Evonik Industries (FRA:EVK) has been given a €40.00 ($47.62) price objective by investment analysts at Deutsche Bank in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 28.87% from the company’s current price.

Other analysts have also issued research reports about the stock. Berenberg Bank set a €33.00 ($39.29) target price on shares of Evonik Industries and gave the stock a “buy” rating in a report on Wednesday, August 16th. Commerzbank set a €33.00 ($39.29) target price on shares of Evonik Industries and gave the stock a “buy” rating in a report on Monday, September 11th. Sanford C. Bernstein set a €33.00 ($39.29) target price on shares of Evonik Industries and gave the stock a “buy” rating in a report on Tuesday, September 5th. Baader Bank set a €38.00 ($45.24) target price on shares of Evonik Industries and gave the stock a “buy” rating in a report on Thursday, September 28th. Finally, Credit Suisse Group set a €34.30 ($40.83) price target on shares of Evonik Industries and gave the company a “buy” rating in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Evonik Industries currently has an average rating of “Buy” and an average target price of €33.73 ($40.15).

Shares of Evonik Industries (FRA EVK) opened at €31.04 ($36.95) on Monday. Evonik Industries has a fifty-two week low of €25.74 ($30.64) and a fifty-two week high of €32.97 ($39.25).

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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, oleochemical quaternary derivatives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, animal nutrition, and healthcare sectors.

Analyst Recommendations for Evonik Industries (FRA:EVK)

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