Evonik Industries (FRA:EVK – Get Rating) has been assigned a €27.00 ($28.42) price objective by analysts at Jefferies Financial Group in a report issued on Wednesday, Borsen Zeitung reports. Jefferies Financial Group’s target price points to a potential upside of 6.64% from the company’s previous close.
Other analysts have also issued research reports about the company. Barclays set a €34.00 ($35.79) target price on Evonik Industries in a research report on Thursday, February 3rd. Deutsche Bank Aktiengesellschaft set a €38.00 ($40.00) target price on Evonik Industries in a research report on Friday, March 4th. Sanford C. Bernstein set a €39.00 ($41.05) target price on Evonik Industries in a research report on Thursday, April 21st. Deutsche Bank Rese… set a €38.00 ($40.00) target price on Evonik Industries in a research report on Friday, April 22nd. Finally, JPMorgan Chase & Co. set a €36.00 ($37.89) target price on Evonik Industries in a research report on Friday, May 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of €32.43 ($34.14).
EVK traded up €0.20 ($0.21) during trading hours on Wednesday, reaching €25.32 ($26.65). The company’s stock had a trading volume of 797,609 shares. Evonik Industries has a fifty-two week low of €26.78 ($28.19) and a fifty-two week high of €32.97 ($34.71). The business’s 50-day moving average is €24.94 and its 200-day moving average is €27.13.
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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