Independent Research Analysts Give Evonik Industries (EVK) a €34.00 Price Target

Independent Research set a €34.00 ($39.53) price objective on Evonik Industries (FRA:EVK) in a research report sent to investors on Tuesday morning. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on EVK. Baader 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 Tuesday, May 29th. Nord/LB set a €32.00 ($37.21) target price on shares of Evonik Industries and gave the stock a neutral rating in a research note on Tuesday, May 29th. Goldman Sachs Group set a €32.00 ($37.21) target price on shares of Evonik Industries and gave the stock a neutral rating in a research note on Tuesday, June 5th. Warburg Research set a €38.00 ($44.19) target price on shares of Evonik Industries and gave the stock a buy rating in a research note on Tuesday, June 12th. Finally, DZ Bank reissued a neutral rating on shares of Evonik Industries in a research note on Tuesday, June 12th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of €34.80 ($40.47).

EVK stock opened at €31.42 ($36.53) on Tuesday. Evonik Industries has a 52-week low of €26.78 ($31.14) and a 52-week 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, 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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