Evonik Industries (FRA:EVK) Given a €34.00 Price Target at Morgan Stanley

Morgan Stanley set a €34.00 ($39.53) price objective on Evonik Industries (FRA:EVK) in a research report sent to investors on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on EVK. Berenberg Bank reissued a buy rating and issued a GBX 340 ($4.44) price target on shares of Stock Spirits Group in a report on Tuesday, May 14th. Goldman Sachs Group reissued a hold rating and issued a $8.40 price target on shares of Deutsche Bank in a report on Monday, July 8th. Deutsche Bank raised shares of MGM CHINA HOLDI/ADR to a buy rating in a report on Monday, July 1st. HSBC set a €54.00 ($62.79) price target on shares of ADO Properties and gave the stock a neutral rating in a report on Wednesday, May 29th. Finally, Credit Suisse Group reissued a hold rating on shares of Imperial Oil in a report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. Evonik Industries presently has an average rating of Hold and an average target price of €30.90 ($35.93).

Shares of Evonik Industries stock opened at €25.83 ($30.03) on Monday. The company’s 50-day simple moving average is €24.90. Evonik Industries has a twelve month low of €26.78 ($31.14) and a twelve month high of €32.97 ($38.34).

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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