Warburg Research Analysts Give Evonik Industries (FRA:EVK) a €34.70 Price Target

Evonik Industries (FRA:EVKGet Rating) received a €34.70 ($37.31) price objective from research analysts at Warburg Research in a research note issued on Tuesday, Borsen Zeitung reports. Warburg Research’s price target indicates a potential upside of 40.15% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Baader Bank set a €29.00 ($31.18) price target on shares of Evonik Industries in a report on Thursday, April 21st. Berenberg Bank set a €28.00 ($30.11) target price on shares of Evonik Industries in a research note on Thursday, March 10th. Sanford C. Bernstein set a €39.00 ($41.94) target price on shares of Evonik Industries in a research note on Thursday, April 21st. UBS Group set a €33.00 ($35.48) price target on shares of Evonik Industries in a research note on Wednesday, April 6th. Finally, Barclays set a €34.00 ($36.56) price target on shares of Evonik Industries in a research note on Thursday, February 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of €32.34 ($34.78).

Shares of Evonik Industries stock traded down €0.49 ($0.53) on Tuesday, reaching €24.76 ($26.62). 583,170 shares of the company’s stock were exchanged. Evonik Industries has a 52 week low of €26.78 ($28.80) and a 52 week high of €32.97 ($35.45). The firm’s 50-day moving average is €25.65 and its two-hundred day moving average is €27.33.

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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