Evonik Industries (FRA:EVK) Rating Reiterated by DZ Bank

Evonik Industries (FRA:EVK)‘s stock had its “buy” rating reaffirmed by stock analysts at DZ Bank in a report released on Wednesday, Borsen Zeitung reports.

A number of other equities research analysts also recently issued reports on EVK. Independent Research set a €25.00 ($29.07) price target on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Wednesday. Credit Suisse Group set a €28.00 ($32.56) price target on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Friday, April 12th. HSBC set a €27.00 ($31.40) price target on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Wednesday, May 29th. Kepler Capital Markets set a €25.00 ($29.07) price target on shares of Evonik Industries and gave the company a “sell” rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. set a €26.00 ($30.23) price target on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €30.54 ($35.51).

Evonik Industries stock traded up €0.01 ($0.01) during mid-day trading on Wednesday, reaching €22.12 ($25.72). 1,098,093 shares of the company’s stock traded hands. The firm’s 50 day moving average price is €25.37. Evonik Industries has a 12-month low of €26.78 ($31.14) and a 12-month 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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Analyst Recommendations for Evonik Industries (FRA:EVK)

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