Evonik Industries AG (EVK) Received Consensus Rating of “Hold” by Analysts

Evonik Industries AG (EVK) Received Consensus Rating of “Hold” by Analysts

Evonik Industries AG (FRA:EVK) has been given an average recommendation of “Hold” by the twenty-two analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is €30.96 ($36.00).

Several equities research analysts recently issued reports on the company. Sanford C. Bernstein set a €30.00 ($34.88) price target on Evonik Industries and gave the company a “buy” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. set a €24.50 ($28.49) price target on Evonik Industries and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Independent Research set a €29.00 ($33.72) price target on Evonik Industries and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Nord/LB set a €26.00 ($30.23) price target on Evonik Industries and gave the company a “neutral” rating in a research report on Tuesday, March 5th. Finally, Credit Suisse Group set a €28.00 ($32.56) price target on Evonik Industries and gave the company a “neutral” rating in a research report on Wednesday, March 6th.

Shares of EVK stock traded up €0.28 ($0.33) on Friday, hitting €26.41 ($30.71). 591,845 shares of the stock traded hands. Evonik Industries has a 1-year low of €26.78 ($31.14) and a 1-year high of €32.97 ($38.34).

About Evonik Industries

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, oleochemicals, 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.

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