Warburg Research Reiterates €38.70 Price Target for Evonik Industries (EVK)

Warburg Research set a €38.70 ($46.07) price objective on Evonik Industries (FRA:EVK) in a report released on Wednesday morning. The firm currently has a buy rating on the stock.

EVK has been the subject of several other research reports. Commerzbank set a €33.00 ($39.29) price objective on shares of Evonik Industries and gave the stock a buy rating in a research report on Monday, September 18th. UBS Group set a €27.00 ($32.14) price objective on shares of Evonik Industries and gave the stock a sell rating in a research report on Monday. Kepler Capital Markets set a €31.00 ($36.90) price objective on shares of Evonik Industries and gave the stock a neutral rating in a research report on Friday, November 3rd. Barclays set a €35.50 ($42.26) price objective on shares of Evonik Industries and gave the stock a buy rating in a research report on Monday, November 6th. Finally, Baader Bank set a €38.00 ($45.24) price objective on shares of Evonik Industries and gave the stock a buy rating in a research report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Evonik Industries presently has an average rating of Hold and a consensus target price of €33.87 ($40.32).

Shares of Evonik Industries (FRA EVK) traded down €0.39 ($0.46) during trading hours on Wednesday, hitting €31.03 ($36.94). 1,124,574 shares of the stock traded hands. The stock has a market cap of $14,420.00 and a P/E ratio of 19.76. Evonik Industries has a twelve month low of €26.78 ($31.88) and a twelve month high of €32.97 ($39.25).

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Evonik Industries Company Profile

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, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, animal nutrition, and healthcare sectors.

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