Evonik Industries (FRA:EVK) PT Set at €23.00 by Kepler Capital Markets

Evonik Industries (FRA:EVK) has been given a €23.00 ($26.74) price objective by equities research analysts at Kepler Capital Markets in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Kepler Capital Markets’ price objective indicates a potential downside of 11.91% from the company’s previous close.

Several other brokerages have also issued reports on EVK. UBS Group set a €20.00 ($23.26) target price on shares of Evonik Industries and gave the company a “sell” rating in a research note on Tuesday. Barclays set a €24.00 ($27.91) target price on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Tuesday. Bank of America set a €24.00 ($27.91) target price on shares of Evonik Industries and gave the company a “sell” rating in a research note on Friday, September 20th. Nord/LB set a €24.00 ($27.91) target price on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Sanford C. Bernstein set a €30.00 ($34.88) target price on shares of Evonik Industries and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Evonik Industries presently has an average rating of “Hold” and an average target price of €28.30 ($32.91).

Shares of FRA:EVK opened at €26.11 ($30.36) on Tuesday. Evonik Industries has a 12 month low of €26.78 ($31.14) and a 12 month high of €32.97 ($38.34). The company’s 50-day moving average price is €23.18 and its two-hundred day moving average price is €24.32.

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, 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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