Societe Generale set a €40.00 ($46.51) price objective on Evonik Industries (FRA:EVK) in a research note published on Tuesday. The firm currently has a buy rating on the stock.

A number of other research analysts have also commented on the stock. JPMorgan Chase & Co. set a €27.00 ($31.40) price target on shares of Evonik Industries and gave the company a sell rating in a research report on Thursday, August 2nd. Sanford C. Bernstein set a €37.00 ($43.02) price target on shares of Evonik Industries and gave the company a buy rating in a research report on Friday, September 14th. Commerzbank set a €39.00 ($45.35) price target on shares of Evonik Industries and gave the company a buy rating in a research report on Thursday, August 2nd. Warburg Research set a €38.00 ($44.19) price target on shares of Evonik Industries and gave the company a buy rating in a research report on Tuesday, September 18th. Finally, Morgan Stanley set a €38.00 ($44.19) price target on shares of Evonik Industries and gave the company a buy rating in a research report on Friday, October 12th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Evonik Industries currently has an average rating of Hold and a consensus price target of €34.48 ($40.09).

Evonik Industries stock opened at €26.72 ($31.07) on Tuesday. Evonik Industries has a 1-year low of €26.78 ($31.14) and a 1-year high of €32.97 ($38.34).

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, 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: Growth Stocks

Analyst Recommendations for Evonik Industries (FRA:EVK)

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.