Rating to Follow: Analysts at Norddeutsche Landesbank Reiterate their Hold rating for Evonik Industries (ETR:EVK) with EUR 28.00 Target Price

November 30, 2016 - By Peter Kolinski

Rating to Follow: Analysts at Norddeutsche Landesbank Reiterate their Hold rating for Evonik Industries (ETR:EVK) with EUR 28.00 Target Price

Evonik Industries (ETR:EVK) Rating

In a note sent to clients and investors on 30 November, Evonik Industries (ETR:EVK) stock had its Hold Rating reaffirmed by equity research analysts at Norddeutsche Landesbank. They currently have a EUR 28.00 PT on company. Norddeutsche Landesbank’s target suggests a potential upside of 7.98% from the company’s previous stock close.

Evonik Industries AG (ETR:EVK) Ratings Coverage

Out of 19 analysts covering Evonik (ETR:EVK), 9 rate it a “Buy”, 4 “Sell”, while 6 “Hold”. This means 47% are positive. €42 is the highest target while €23 is the lowest. The €31.50 average target is 21.15% above today’s (€26) stock price. Evonik has been the topic of 95 analyst reports since July 15, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Deutsche Bank on Thursday, September 8. The firm earned “Hold” rating on Wednesday, August 19 by Landesbank. HSBC upgraded it to “Buy” rating and €36 target price in Thursday, January 28 report. The firm earned “Buy” rating on Saturday, March 5 by Baader Wertpapierhandelsbank. The firm has “Hold” rating by Landesbank given on Friday, August 19. The stock has “Sell” rating given by DZ BANK on Friday, November 18. The firm earned “Buy” rating on Thursday, March 3 by Hauck & Aufhäuser Privatbankiers KGaA. The rating was maintained by Independent Research on Wednesday, August 5 with “Hold”. Berenberg upgraded the shares of EVK in a report on Saturday, September 17 to “Buy” rating. The stock has “Buy” rating given by Hauck & Aufhäuser Privatbankiers KGaA on Thursday, January 7.

About 248,960 shares traded hands. Evonik Industries AG (ETR:EVK) has 0.00% since April 27, 2016 and is . It has underperformed by 5.23% the S&P500.

Analysts await Ever-Glory International Group Inc (NASDAQ:EVK) to report earnings on March, 27.

Evonik Industries AG is a Germany firm engaged in the specialty chemicals sector. The company has a market cap of 12.12 billion EUR. The Company’s activities are divided in four divisions: Nutrition & Care, produces specialty chemicals, mainly for use in consumer goods for daily needs and food, as well as in animal nutrition and healthcare products; Resource Efficiency, offers material solutions for environment-friendly and energy-efficient products used in the automotive, adhesives and construction industries, among others; Performance Materials, produces polymer materials and their intermediates, mainly for the rubber, plastics and agriculture sectors, and Services, includes site management, utilities and waste management, as well as technical, process technology, engineering and logistics services for the chemicals divisions and external clients at Company’s sites, among others. It has a 15.97 P/E ratio.

According to Zacks Investment Research, “EVER GLORY INTERNATIONAL GROUP is a US publicly traded company that engages in international garment manufacturing business for primarily middle to high grade well known casual wear, outwear and sportswear brands.Through use of a large network of global garment manufacturers they has set strategic marketing and logistics channels in Japan, United States, Europe and other places. They have succeeded in forging long term partnerships with many world famous clothing companies and large scale retailing chains and have strategic business partners in countries including China, Europe and the U.S.”

More notable recent Evonik Industries AG (ETR:EVK) news were published by: Seekingalpha.com which released: “Evonik Industries AG (EVKIF) Q3 2016 Results – Earnings Call Transcript” on November 04, 2016, also Bloomberg.com with their article: “Evonik Buys $3.8 Billion Chemical Unit From Air Products” published on May 06, 2016, Wsj.com published: “Air Products in Talks to Sell Unit to Evonik Industries” on March 16, 2016. More interesting news about Evonik Industries AG (ETR:EVK) were released by: Bloomberg.com and their article: “Evonik Says Farewell to the ‘Friendly Locust’ as CVC Sells Stake” published on May 24, 2016 as well as Bloomberg.com‘s news article titled: “Evonik Said to Focus on U.S. Deals Amid Acquisition Pressure” with publication date: January 11, 2016.

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