Evonik Industries (EVK) Given a €40.00 Price Target by Deutsche Bank Analysts

Evonik Industries (FRA:EVK) has been given a €40.00 ($46.51) price target by research analysts at Deutsche Bank in a research note issued to investors on Wednesday, May 8th, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 70.07% from the company’s previous close.

Several other research analysts have also issued reports on the stock. Berenberg Bank set a €31.00 ($36.05) target price on shares of Evonik Industries and gave the stock a “buy” rating in a research note on Wednesday, May 8th. UBS Group set a €23.00 ($26.74) target price on shares of Evonik Industries and gave the stock a “sell” rating in a research note on Tuesday, May 7th. Sanford C. Bernstein set a €31.00 ($36.05) target price on shares of Evonik Industries and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Kepler Capital Markets set a €25.00 ($29.07) price objective on shares of Evonik Industries and gave the company a “sell” rating in a research note on Tuesday, May 7th. Finally, Warburg Research set a €35.75 ($41.57) price objective on shares of Evonik Industries and gave the company a “buy” rating in a research note on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €30.90 ($35.93).

Shares of FRA EVK opened at €23.52 ($27.35) on Wednesday. Evonik Industries has a 12-month low of €26.78 ($31.14) and a 12-month high of €32.97 ($38.34).

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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