Evonik Industries (FRA:EVK) has been given a €38.00 ($45.24) price target by investment analysts at Baader Bank in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Baader Bank’s price target suggests a potential upside of 21.41% from the stock’s current price.

A number of other brokerages have also commented on EVK. Deutsche Bank set a €34.00 ($40.48) price objective on shares of Evonik Industries and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Berenberg Bank set a €37.00 ($44.05) price objective on shares of Evonik Industries and gave the company a “buy” rating in a report on Tuesday, November 7th. Goldman Sachs Group set a €29.00 ($34.52) price objective on shares of Evonik Industries and gave the company a “neutral” rating in a report on Monday, November 6th. Commerzbank set a €39.00 ($46.43) price objective on shares of Evonik Industries and gave the company a “buy” rating in a report on Thursday, November 9th. Finally, Independent Research set a €33.00 ($39.29) price objective on shares of Evonik Industries and gave the company a “neutral” rating in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €33.75 ($40.18).

Shares of Evonik Industries (FRA EVK) traded down €0.25 ($0.30) during trading hours on Thursday, reaching €31.30 ($37.26). 765,304 shares of the company were exchanged. Evonik Industries has a 1 year low of €26.78 ($31.88) and a 1 year high of €32.97 ($39.25).

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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, 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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