Societe Generale Reiterates “€39.00” Price Target for Evonik Industries (EVK)

Societe Generale set a €39.00 ($46.43) price objective on Evonik Industries (FRA:EVK) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on EVK. Goldman Sachs Group set a €29.00 ($34.52) price objective on Evonik Industries and gave the stock a neutral rating in a research report on Friday, September 15th. Berenberg Bank set a €33.00 ($39.29) price objective on Evonik Industries and gave the stock a buy rating in a research report on Friday, September 15th. Commerzbank set a €33.00 ($39.29) price objective on Evonik Industries and gave the stock a buy rating in a research report on Monday, September 18th. Deutsche Bank set a €32.00 ($38.10) price objective on Evonik Industries and gave the stock a neutral rating in a research report on Monday, September 18th. Finally, Baader Bank set a €41.00 ($48.81) price objective on Evonik Industries and gave the stock a buy rating in a research report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price 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 P/E 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.

Analyst Recommendations for Evonik Industries (FRA:EVK)

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