Sanford C. Bernstein set a €35.00 ($43.21) price target on Evonik Industries (FRA:EVK) in a research note issued to investors on Monday, March 12th. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also weighed in on the company. DZ Bank restated a buy rating on shares of Evonik Industries in a research note on Thursday, March 8th. Commerzbank set a €39.00 ($48.15) price target on Evonik Industries and gave the stock a buy rating in a report on Thursday, March 8th. Berenberg Bank set a €37.00 ($45.68) target price on Evonik Industries and gave the company a buy rating in a research note on Thursday, March 8th. Credit Suisse Group set a €34.30 ($42.35) price target on Evonik Industries and gave the company a buy rating in a research report on Wednesday, March 7th. Finally, Barclays set a €34.00 ($41.98) target price on Evonik Industries and gave the stock a buy rating in a report on Wednesday, March 7th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of €33.80 ($41.73).
FRA EVK traded down €0.04 ($0.05) during trading hours on Monday, hitting €29.04 ($35.85). 467,373 shares of the company’s stock were exchanged. Evonik Industries has a 12-month low of €26.78 ($33.06) and a 12-month high of €32.97 ($40.70).
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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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