Credit Suisse Group set a €26.00 ($30.59) price target on Evonik Industries (FRA:EVK) in a research report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Other analysts have also recently issued reports about the stock. Kepler Capital Markets set a €32.00 ($37.65) price objective on shares of Evonik Industries and gave the company a neutral rating in a research note on Friday, May 7th. Sanford C. Bernstein set a €40.00 ($47.06) price target on shares of Evonik Industries and gave the stock a buy rating in a research report on Thursday, March 11th. The Goldman Sachs Group set a €32.50 ($38.24) price target on shares of Evonik Industries and gave the stock a buy rating in a research report on Thursday, May 6th. Baader Bank set a €31.00 ($36.47) price objective on shares of Evonik Industries and gave the company a sell rating in a research report on Thursday, May 6th. Finally, Barclays set a €30.00 ($35.29) price objective on shares of Evonik Industries and gave the company a buy rating in a research report on Thursday, May 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of €31.00 ($36.47).
Shares of FRA EVK opened at €29.56 ($34.78) on Wednesday. Evonik Industries has a 52-week low of €26.78 ($31.51) and a 52-week high of €32.97 ($38.79). The firm has a fifty day moving average of €30.07 and a 200-day moving average of €27.38.
Evonik Industries AG engages in the specialty chemicals business. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Services segments. The Specialty Additives segment provides polyurethane additives, organically modified silicones, isophorones, epoxy curing agents, oil additives, fumed silicas, matting agents, TAA and TAA derivatives, and acetylenic diol-based surfactants for consumer goods and specialized industrial applications.
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