Sanford C. Bernstein set a €31.00 ($36.05) price target on Evonik Industries (FRA:EVK) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts have also issued reports on the stock. UBS Group set a €23.00 ($26.74) target price on shares of Evonik Industries and gave the stock a sell rating in a research note on Monday, May 20th. Berenberg Bank set a €31.00 ($36.05) target price on shares of Evonik Industries and gave the stock a buy rating in a research note on Tuesday, May 14th. DZ Bank reissued a buy rating on shares of Evonik Industries in a research note on Monday, May 13th. Independent Research set a €29.00 ($33.72) target price on shares of Evonik Industries and gave the stock a neutral rating in a research note on Wednesday, May 8th. Finally, Deutsche Bank set a €40.00 ($46.51) target price on shares of Evonik Industries and gave the stock a buy rating in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the stock. Evonik Industries presently has a consensus rating of Hold and an average target price of €30.93 ($35.96).
EVK opened at €25.07 ($29.15) on Friday. Evonik Industries has a twelve month low of €26.78 ($31.14) and a twelve month high of €32.97 ($38.34).
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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