Brokers bullish on Evonik Industries Ag shares

The Evonik Industries Ag (ETR:EVK) share price has risen by 2.41% over the past month and it’s currently trading at 24.54. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Evonik Industries Ag currently has:

• 8 Buy recommendations

• 6 Hold recommendations

• 1 Sell recommendations

This suggests that analysts are generally positive about the outlook.

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Researching beyond analyst forecasts

At its current price of 24.54, shares in Evonik Industries Ag are trading at a discount of -13.8% to its 52 week high price. The 1-year performance of the shares has been 4.99%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Evonik Industries Ag it's worth doing some investigation yourself.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Evonik Industries Ag it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Evonik Industries Ag that you can find out about here.

Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.