Evonik Industries (FRA:EVK) Given a €36.00 Price Target by Warburg Research Analysts
Warburg Research set a €36.00 ($41.86) price target on Evonik Industries (FRA:EVK) in a research report sent to investors on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on EVK. Kepler Capital Markets set a €23.00 ($26.74) target price on shares of Evonik Industries and gave the stock a sell rating in a research report on Tuesday, November 12th. Berenberg Bank set a €30.00 ($34.88) target price on shares of Evonik Industries and gave the stock a buy rating in a research report on Tuesday, November 12th. Credit Suisse Group set a €25.00 ($29.07) target price on shares of Evonik Industries and gave the stock a neutral rating in a research report on Tuesday, November 5th. Sanford C. Bernstein set a €30.00 ($34.88) target price on shares of Evonik Industries and gave the stock a buy rating in a research report on Monday, November 11th. Finally, Bank of America set a €24.00 ($27.91) price objective on shares of Evonik Industries and gave the company a sell rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of €28.14 ($32.73).
EVK traded down €0.03 ($0.03) during midday trading on Friday, reaching €25.93 ($30.15). 472,965 shares of the company’s stock were exchanged. The business’s 50-day moving average price is €23.95 and its 200 day moving average price is €24.28. Evonik Industries has a 1-year low of €26.78 ($31.14) and a 1-year high of €32.97 ($38.34).
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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