UBS Group Analysts Give Evonik Industries (EVK) a €29.00 Price Target
UBS Group set a €29.00 ($33.72) price target on Evonik Industries (FRA:EVK) in a research note released on Monday, www.boersen-zeitung.de reports. The firm currently has a sell rating on the stock.
Other equities analysts have also recently issued reports about the company. Warburg Research set a €38.00 ($44.19) price target on Evonik Industries and gave the company a buy rating in a research report on Tuesday, June 12th. Deutsche Bank set a €40.00 ($46.51) price target on Evonik Industries and gave the company a buy rating in a research report on Wednesday, July 18th. HSBC set a €26.00 ($30.23) price target on Evonik Industries and gave the company a sell rating in a research report on Tuesday, July 3rd. DZ Bank reiterated a neutral rating on shares of Evonik Industries in a research report on Tuesday, June 12th. Finally, Baader Bank set a €40.00 ($46.51) price target on Evonik Industries and gave the company a buy rating in a research report on Tuesday, July 17th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of €34.90 ($40.58).
Shares of FRA EVK opened at €31.77 ($36.94) on Monday. Evonik Industries has a fifty-two week low of €26.78 ($31.14) and a fifty-two week 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, 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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