Sanford C. Bernstein set a €30.00 ($34.88) target price on Evonik Industries (FRA:EVK) in a report released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
EVK has been the topic of a number of other research reports. DZ Bank restated a buy rating on shares of Evonik Industries in a report on Wednesday, November 6th. Berenberg Bank set a €30.00 ($34.88) price objective on Evonik Industries and gave the stock a buy rating in a report on Tuesday, November 12th. Goldman Sachs Group set a €32.60 ($37.91) price objective on Evonik Industries and gave the stock a buy rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. set a €29.00 ($33.72) price objective on Evonik Industries and gave the stock a buy rating in a report on Thursday, December 12th. Finally, UBS Group set a €20.00 ($23.26) price target on Evonik Industries and gave the company a sell rating in a report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of €28.59 ($33.25).
FRA:EVK opened at €25.54 ($29.70) on Monday. The stock’s 50 day moving average price is €26.74 and its 200 day moving average price is €24.74. Evonik Industries has a 52 week low of €26.78 ($31.14) and a 52 week high of €32.97 ($38.34).
About Evonik Industries
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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