Brokerages Set Evonik Industries AG (EVK) Price Target at $34.90

Shares of Evonik Industries AG (FRA:EVK) have earned an average recommendation of “Hold” from the twenty-two ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is €34.80 ($40.47).

EVK has been the topic of several recent research reports. Baader Bank set a €40.00 ($46.51) price target on shares of Evonik Industries and gave the company a “buy” rating in a research note on Monday, July 30th. Societe Generale set a €40.00 ($46.51) price target on shares of Evonik Industries and gave the company a “buy” rating in a research note on Monday, August 13th. UBS Group set a €29.00 ($33.72) price target on shares of Evonik Industries and gave the company a “sell” rating in a research note on Monday, August 20th. Berenberg Bank set a €38.00 ($44.19) price target on shares of Evonik Industries and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Goldman Sachs Group set a €32.00 ($37.21) price target on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Monday, September 3rd.

Shares of FRA:EVK traded down €0.23 ($0.27) during midday trading on Friday, reaching €31.42 ($36.53). 976,466 shares of the company were exchanged. 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 Company Profile

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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Analyst Recommendations for Evonik Industries (FRA:EVK)

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