Evonik Industries (FRA:EVK) has been assigned a €27.00 ($32.14) target price by investment analysts at UBS in a research report issued on Thursday. The brokerage currently has a “sell” rating on the stock. UBS’s price target would indicate a potential downside of 16.21% from the company’s previous close.

EVK has been the topic of a number of other reports. Commerzbank set a €33.00 ($39.29) price target on shares of Evonik Industries and gave the stock a “buy” rating in a research note on Monday, September 18th. Kepler Capital Markets set a €31.00 ($36.90) price objective on shares of Evonik Industries and gave the company a “neutral” rating in a research note on Friday, November 3rd. Barclays set a €35.50 ($42.26) price objective on shares of Evonik Industries and gave the company a “buy” rating in a research note on Monday, November 6th. DZ Bank reissued a “neutral” rating on shares of Evonik Industries in a research note on Monday, October 2nd. Finally, J P Morgan Chase & Co set a €25.00 ($29.76) price objective on shares of Evonik Industries and gave the company a “sell” rating in a research note on Tuesday, November 14th. Two 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 €33.75 ($40.18).

Evonik Industries (EVK) opened at €32.23 ($38.36) on Thursday. Evonik Industries has a 12 month low of €25.74 ($30.64) and a 12 month high of €32.97 ($39.25).

ILLEGAL ACTIVITY WARNING: “UBS Analysts Give Evonik Industries (EVK) a €27.00 Price Target” was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was copied illegally and reposted in violation of US and international copyright legislation. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/12/07/ubs-analysts-give-evonik-industries-evk-a-27-00-price-target.html.

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.

Analyst Recommendations for Evonik Industries (FRA:EVK)

Receive News & Ratings for Evonik Industries AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evonik Industries AG and related companies with MarketBeat.com's FREE daily email newsletter.