Bank of America Reiterates “€32.00” Price Target for Evonik Industries (EVK)
A number of other research analysts have also weighed in on EVK. Goldman Sachs Group set a €29.00 ($34.52) price objective on Evonik Industries and gave the company a neutral rating in a report on Friday, September 15th. Berenberg Bank set a €33.00 ($39.29) price objective on Evonik Industries and gave the company a buy rating in a report on Friday, September 15th. Commerzbank set a €33.00 ($39.29) price objective on Evonik Industries and gave the company a buy rating in a report on Monday, September 18th. Deutsche Bank set a €32.00 ($38.10) price objective on Evonik Industries and gave the company a neutral rating in a report on Monday, September 18th. Finally, Baader Bank set a €41.00 ($48.81) price objective on Evonik Industries and gave the company a buy rating in a report on Thursday, September 21st. Three research 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 company has an average rating of Hold and an average price target of €33.87 ($40.32).
Evonik Industries (FRA:EVK) opened at €31.42 ($37.40) on Thursday. The firm has a market capitalization of $14,630.00 and a PE ratio of 20.01. 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.
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