UBS Group set a €23.00 ($26.74) target price on Evonik Industries (FRA:EVK) in a research report sent to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Other research analysts have also recently issued reports about the company. Barclays lifted their price objective on Black Knight from $56.00 to $66.00 and gave the company an overweight rating in a report on Thursday, May 2nd. Credit Suisse Group reissued a hold rating on shares of Imperial Oil in a report on Friday, April 12th. Independent Research set a €215.00 ($250.00) price objective on Munchener Ruckvers and gave the company a neutral rating in a report on Wednesday, May 8th. Kepler Capital Markets set a €14.00 ($16.28) price objective on alstria office REIT and gave the company a neutral rating in a report on Tuesday, May 7th. Finally, DZ Bank cut from a buy rating to a hold rating in a report on Friday, June 14th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. Evonik Industries currently has a consensus rating of Hold and an average target price of €30.90 ($35.93).
Shares of EVK stock opened at €25.32 ($29.44) on Thursday. Evonik Industries has a one year low of €26.78 ($31.14) and a one year high of €32.97 ($38.34). The business has a fifty day moving average price of €24.82.
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.
Further Reading: The components of the Stochastic Momentum Index
Receive News & Ratings for Evonik Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evonik Industries and related companies with MarketBeat.com's FREE daily email newsletter.