UBS Analysts Give Evonik Industries (EVK) a €27.00 Price Target
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).
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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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