Evonik Industries (FRA:EVK) has been assigned a €38.00 ($45.24) price objective by analysts at Baader Bank in a report issued on Thursday. The firm presently has a “buy” rating on the stock. Baader Bank’s target price would suggest a potential upside of 21.78% from the company’s current price.
EVK has been the subject of several other reports. Goldman Sachs Group set a €29.00 ($34.52) target price on Evonik Industries and gave the company a “neutral” rating in a research note on Wednesday, October 11th. Deutsche Bank set a €32.00 ($38.10) target price on Evonik Industries and gave the company a “neutral” rating in a research note on Tuesday, September 12th. Commerzbank set a €33.00 ($39.29) target price on Evonik Industries and gave the company a “buy” rating in a research note on Monday, September 18th. J P Morgan Chase & Co set a €25.00 ($29.76) target price on Evonik Industries and gave the company a “sell” rating in a research note on Friday, November 3rd. Finally, Berenberg Bank set a €37.00 ($44.05) target price on Evonik Industries and gave the company a “buy” rating in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of €33.75 ($40.18).
Shares of Evonik Industries (FRA:EVK) opened at €31.21 ($37.15) on Thursday. Evonik Industries has a 52 week low of €26.78 ($31.88) and a 52 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.
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