UBS Group set a €18.00 ($20.93) price objective on Evonik Industries (FRA:EVK) in a research report released on Monday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Several other equities research analysts have also recently issued reports on the company. Sanford C. Bernstein set a €27.00 ($31.40) price objective on Evonik Industries and gave the stock a buy rating in a report on Thursday, May 7th. Goldman Sachs Group set a €27.60 ($32.09) target price on Evonik Industries and gave the company a buy rating in a report on Thursday, May 14th. Warburg Research set a €28.00 ($32.56) target price on Evonik Industries and gave the company a buy rating in a report on Wednesday, May 13th. Deutsche Bank set a €30.00 ($34.88) target price on Evonik Industries and gave the company a buy rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. set a €21.00 ($24.42) target price on Evonik Industries and gave the company a buy rating in a report on Thursday, May 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of €23.91 ($27.81).
EVK stock opened at €21.99 ($25.57) on Monday. Evonik Industries has a 52-week low of €26.78 ($31.14) and a 52-week high of €32.97 ($38.34). The stock’s fifty day simple moving average is €21.54 and its 200-day simple moving average is €24.01.
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, 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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