Morgan Stanley Reiterates €38.00 Price Target for Evonik Industries (EVK)
EVK has been the subject of several other research reports. UBS Group set a €27.00 ($31.40) price objective on shares of Evonik Industries and gave the stock a sell rating in a research report on Monday, July 16th. Commerzbank set a €39.00 ($45.35) target price on shares of Evonik Industries and gave the company a buy rating in a report on Monday, September 17th. Deutsche Bank set a €40.00 ($46.51) target price on shares of Evonik Industries and gave the company a buy rating in a report on Tuesday, October 2nd. Independent Research set a €34.00 ($39.53) target price on shares of Evonik Industries and gave the company a neutral rating in a report on Tuesday, August 7th. Finally, Baader Bank set a €40.00 ($46.51) target price on shares of Evonik Industries and gave the company a buy rating in a report on Monday, September 17th. Five analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of €35.10 ($40.81).
Shares of FRA:EVK traded down €0.14 ($0.16) during trading on Friday, hitting €27.89 ($32.43). 831,074 shares of the company were exchanged. Evonik Industries has a 12-month low of €26.78 ($31.14) and a 12-month high of €32.97 ($38.34).
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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