The Goldman Sachs Group Reiterates €24.20 Price Target for Evonik Industries (FRA:EVK)

The Goldman Sachs Group set a €24.20 ($25.47) price objective on Evonik Industries (FRA:EVKGet Rating) in a research note released on Tuesday, Borsen Zeitung reports.

Several other equities research analysts also recently weighed in on EVK. UBS Group set a €33.00 ($34.74) price target on shares of Evonik Industries in a research note on Friday, May 6th. Deutsche Bank Rese… set a €38.00 ($40.00) price target on shares of Evonik Industries in a report on Friday, April 22nd. Barclays set a €34.00 ($35.79) target price on shares of Evonik Industries in a research note on Thursday, February 3rd. Sanford C. Bernstein set a €39.00 ($41.05) price target on shares of Evonik Industries in a research report on Thursday, April 21st. Finally, Warburg Research set a €34.70 ($36.53) target price on shares of Evonik Industries in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Evonik Industries presently has a consensus rating of Hold and a consensus price target of €32.43 ($34.14).

Shares of Evonik Industries stock opened at €25.51 ($26.85) on Tuesday. The company’s 50 day moving average price is €24.93 and its two-hundred day moving average price is €27.09. Evonik Industries has a fifty-two week low of €26.78 ($28.19) and a fifty-two week high of €32.97 ($34.71).

Evonik Industries Company Profile (Get Rating)

Evonik Industries AG engages in the specialty chemicals business. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure 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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