Evonik Industries (FRA:EVK) PT Set at €39.00 by Sanford C. Bernstein

Evonik Industries (FRA:EVKGet Rating) has been assigned a €39.00 ($41.94) target price by research analysts at Sanford C. Bernstein in a report released on Thursday, Borsen Zeitung reports. Sanford C. Bernstein’s price objective suggests a potential upside of 54.46% from the stock’s current price.

A number of other brokerages have also commented on EVK. Baader Bank set a €29.00 ($31.18) price objective on Evonik Industries in a research report on Thursday. Deutsche Bank Rese… set a €38.00 ($40.86) price objective on Evonik Industries in a research note on Wednesday, April 6th. Jefferies Financial Group set a €27.00 ($29.03) price objective on Evonik Industries in a research note on Wednesday, March 23rd. Credit Suisse Group set a €23.00 ($24.73) price objective on Evonik Industries in a research note on Friday, April 8th. Finally, Deutsche Bank Aktiengesellschaft set a €38.00 ($40.86) price target on Evonik Industries in a research report on Friday, March 4th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Evonik Industries has a consensus rating of “Hold” and a consensus price target of €32.43 ($34.87).

EVK traded up €0.63 ($0.68) during trading on Thursday, reaching €25.25 ($27.15). The company had a trading volume of 750,158 shares. The firm’s 50-day simple moving average is €25.80 and its 200 day simple moving average is €27.35. Evonik Industries has a 12-month low of €26.78 ($28.80) and a 12-month high of €32.97 ($35.45).

Evonik Industries Company Profile (Get Rating)

Evonik Industries AG engages in the specialty chemicals business. It operates through Specialty Additives, Nutrition & Care, Smart Materials, Performance Materials, and Technology & Infrastructure segments. The Specialty Additives segment provides polyurethane additives, organically modified silicones, isophorones, epoxy curing agents, oil additives, fumed silicas, matting agents, TAA and TAA derivatives, and acetylenic diol-based surfactants for consumer goods and specialized industrial applications.

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