Evonik Industries AG (OTCMKTS:EVKIF) Given Average Rating of “Hold” by Analysts

Shares of Evonik Industries AG (OTCMKTS:EVKIF – Get Rating) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $30.33.

Separately, Credit Suisse Group decreased their price target on shares of Evonik Industries from €26.00 ($27.37) to €23.00 ($24.21) and set an “underperform” rating on the stock in a report on Friday, April 8th.

Evonik Industries stock opened at $23.36 on Wednesday. Evonik Industries has a fifty-two week low of $23.20 and a fifty-two week high of $36.00. The firm’s fifty day moving average price is $26.37 and its 200-day moving average price is $28.85.

About Evonik Industries (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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