Evonik Industries (FRA:EVK) Given a €38.00 Price Target by Warburg Research Analysts

Warburg Research set a €38.00 ($44.19) price target on Evonik Industries (FRA:EVK) in a research note released on Wednesday, July 18th. The brokerage currently has a buy rating on the stock.

EVK has been the topic of several other research reports. Nord/LB set a €32.00 ($37.21) price target on Evonik Industries and gave the company a neutral rating in a research report on Tuesday, May 29th. Baader Bank set a €40.00 ($46.51) target price on Evonik Industries and gave the stock a buy rating in a research report on Monday, June 25th. Morgan Stanley reiterated a buy rating on shares of Evonik Industries in a research report on Thursday, April 5th. Berenberg Bank set a €37.00 ($43.02) target price on Evonik Industries and gave the stock a buy rating in a research report on Monday, April 16th. Finally, Citigroup set a €36.00 ($41.86) target price on Evonik Industries and gave the stock a buy rating in a research report on Wednesday, March 21st. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of €34.70 ($40.35).

Evonik Industries traded down €0.44 ($0.51), reaching €31.85 ($37.03), during trading on Wednesday, according to Marketbeat.com. 591,804 shares of the company’s stock were exchanged. Evonik Industries has a 1 year low of €26.78 ($31.14) and a 1 year 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, oleochemical 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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