Berenberg Bank Reiterates €13.00 Price Target for Evotec AG (ETR:EVT)

Berenberg Bank set a €13.00 ($15.29) target price on Evotec AG (ETR:EVT) in a research report sent to investors on Thursday. The firm currently has a neutral rating on the stock.

Separately, Deutsche Bank AG set a €16.00 ($18.82) price target on shares of Evotec AG and gave the company a buy rating in a report on Monday, August 7th.

Shares of Evotec AG (EVT) opened at 14.275 on Thursday. The company’s 50-day moving average is €13.26 and its 200-day moving average is €10.75. The firm has a market cap of €1.99 billion and a price-to-earnings ratio of 56.423. Evotec AG has a 12 month low of €4.24 and a 12 month high of €14.65.

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Evotec AG Company Profile

Evotec AG provides drug discovery solutions to the pharmaceutical and biotechnology companies, academic institutions, and foundations and not-for-profit organizations worldwide. The company operates through two segments, EVT Execute and EVT Innovate. It offers drug discovery services, such as integrated services, target identification and validation, hit identification, compound management, chemistry, drug metabolism and pharmacokinetics, research informatics and in silico drug discovery, proteomics and metabolomics, cell and protein production, and in vivo and in vitro pharmacology services.

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