How Good Does Evonik (ETR:EVK) Look Now? HSBC Has Just Upgraded The Stock

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Evonik (ETR:EVK) Stock Upgrade

Shares of Evonik (ETR:EVK) stock were boosted to a “Buy” by expert analysts at HSBC, who now have a target set at EUR 39.00 on EVK. This target is 25.12% from EVK’s current share price.

From a total of 13 analysts covering Evonik (ETR:EVK) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 54% of the ratings are positive. The highest target price is €42 while the lowest target price is €31. The mean of all analyst targets is €37.58 with a 20.49% above today’s (€31.19) stock price. Evonik was the topic of 28 analyst reports since July 15, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on December 2 to “Buy” rating. Citigroup upgraded shares to “Buy” rating and €40 target share price in a report from a November 6. Landesbank maintained EVK stock in a recent report from November 20 with “Hold” rating. Bankhaus Lampe upgraded the rating on November 5. Bankhaus Lampe has a “Buy” rating and a €40 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 5.

The stock increased 0.99% or EUR 0.31 on December 7, striking EUR 31.19. Approximately 503,083 shares of stock traded hands. Evonik Industries AG (ETR:EVK) has declined 51.89% since May 5, 2015 and is downtrending. It has underperformed by 50.81% the S&P500.

 How Good Does Evonik (ETR:EVK) Look Now? HSBC Has Just Upgraded The Stock

Evonik Industries AG is a Germany firm engaged in the specialty chemicals sector. The company has a market cap of 14.54 billion EUR. It has five business divisions: Consumer Health and Nutrition, Resource Efficiency, Specialty Materials, Services and Real Estate. It has 14.13 P/E ratio. The Consumer Health and Nutrition produces specialty chemicals, principally for applications in consumer goods, animal nutrition and pharmaceutical sectors.

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.” Get a free copy of the Zacks research report on Evonik Industries AG (EVK).

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