UBS Group Analysts Give Evonik Industries (EVK) a €23.00 Price Target

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UBS Group set a €23.00 ($26.74) price target on Evonik Industries (FRA:EVK) in a report published on Tuesday, www.boersen-zeitung.de reports. The firm currently has a sell rating on the stock.

Other equities analysts have also issued research reports about the stock. Goldman Sachs Group set a €23.10 ($26.86) price target on shares of Evonik Industries and gave the company a neutral rating in a report on Friday, February 1st. Berenberg Bank set a €30.00 ($34.88) price target on shares of Evonik Industries and gave the company a buy rating in a report on Wednesday, December 19th. JPMorgan Chase & Co. set a €24.50 ($28.49) price target on shares of Evonik Industries and gave the company a neutral rating in a report on Tuesday, March 5th. Citigroup set a €29.00 ($33.72) price target on shares of Evonik Industries and gave the company a neutral rating in a report on Friday, November 16th. Finally, Credit Suisse Group set a €28.00 ($32.56) price target on shares of Evonik Industries and gave the company a buy rating in a report on Thursday, January 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of €31.06 ($36.12).

Shares of EVK opened at €25.80 ($30.00) on Tuesday. Evonik Industries has a fifty-two week low of €26.78 ($31.14) and a fifty-two week 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, oleochemical 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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