Berenberg Bank set a €29.00 ($33.72) price objective on Evonik Industries (FRA:EVK) in a research report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

EVK has been the subject of several other reports. UBS Group set a €23.00 ($26.74) price objective on Evonik Industries and gave the stock a sell rating in a research report on Thursday, August 1st. Morgan Stanley set a €34.00 ($39.53) price objective on Evonik Industries and gave the stock a buy rating in a research report on Monday, July 15th. Baader Bank set a €29.00 ($33.72) price objective on Evonik Industries and gave the stock a buy rating in a research report on Monday, August 12th. Goldman Sachs Group set a €21.00 ($24.42) price objective on Evonik Industries and gave the stock a sell rating in a research report on Tuesday, August 13th. Finally, Warburg Research set a €36.00 ($41.86) price objective on Evonik Industries and gave the stock a buy rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Evonik Industries has a consensus rating of Hold and an average target price of €30.05 ($34.94).

Shares of EVK stock opened at €22.35 ($25.99) on Tuesday. Evonik Industries has a twelve month low of €26.78 ($31.14) and a twelve month high of €32.97 ($38.34). The business has a fifty day simple moving average of €24.34 and a 200 day simple moving average of €25.04.

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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