Evonik Industries AG (FRA:EVK) Given Average Rating of “Hold” by Brokerages

Shares of Evonik Industries AG (FRA:EVK) have been given a consensus rating of “Hold” by the twenty-two brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is €30.90 ($35.93).

A number of research analysts have commented on the stock. DZ Bank reaffirmed a “buy” rating on shares of Evonik Industries in a research report on Monday, May 13th. Sanford C. Bernstein set a €31.00 ($36.05) price target on shares of Evonik Industries and gave the stock a “buy” rating in a research report on Tuesday. Warburg Research set a €35.75 ($41.57) price target on shares of Evonik Industries and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Goldman Sachs Group set a €28.20 ($32.79) price target on shares of Evonik Industries and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Finally, Deutsche Bank set a €40.00 ($46.51) price target on shares of Evonik Industries and gave the stock a “buy” rating in a research report on Friday, June 14th.

FRA EVK traded up €0.55 ($0.64) during trading hours on Monday, reaching €25.61 ($29.78). The company had a trading volume of 621,264 shares. The firm has a 50-day moving average price of €24.93. Evonik Industries has a 1-year low of €26.78 ($31.14) and a 1-year 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, 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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