Credit Suisse Group Reiterates “€25.00” Price Target for Evonik Industries (FRA:EVK)

Credit Suisse Group set a €25.00 ($29.07) price target on Evonik Industries (FRA:EVK) in a research note published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

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A number of other equities analysts have also commented on the stock. Kepler Capital Markets set a €23.00 ($26.74) price target on shares of Evonik Industries and gave the stock a sell rating in a research report on Tuesday. HSBC set a €25.00 ($29.07) price target on shares of Evonik Industries and gave the stock a neutral rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. set a €26.00 ($30.23) price target on shares of Evonik Industries and gave the stock a neutral rating in a research report on Tuesday. Berenberg Bank set a €29.00 ($33.72) price target on shares of Evonik Industries and gave the stock a buy rating in a research report on Tuesday, August 20th. Finally, Goldman Sachs Group reaffirmed a sell rating and set a price target on shares of Evonik Industries in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of €28.30 ($32.91).

Shares of EVK opened at €26.22 ($30.49) on Tuesday. Evonik Industries has a fifty-two week low of €26.78 ($31.14) and a fifty-two week high of €32.97 ($38.34). The company’s 50-day moving average is €23.31 and its 200-day moving average is €24.31.

About Evonik Industries

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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