Evonik Industries (FRA:EVK – Get Rating) received a €39.00 ($41.94) price objective from analysts at Sanford C. Bernstein in a research note issued on Thursday, Borsen Zeitung reports. Sanford C. Bernstein’s price target would suggest a potential upside of 55.75% from the company’s previous close.
EVK has been the topic of several other reports. JPMorgan Chase & Co. set a €36.00 ($38.71) price objective on shares of Evonik Industries in a research report on Wednesday. Warburg Research set a €36.00 ($38.71) target price on shares of Evonik Industries in a research note on Wednesday, March 23rd. Baader Bank set a €29.00 ($31.18) target price on shares of Evonik Industries in a research note on Thursday. UBS Group set a €33.00 ($35.48) target price on shares of Evonik Industries in a research note on Wednesday, April 6th. Finally, Deutsche Bank Aktiengesellschaft set a €38.00 ($40.86) target price on shares of Evonik Industries in a research note on Friday, March 4th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of €32.43 ($34.87).
Shares of FRA:EVK opened at €25.04 ($26.92) on Thursday. The company’s 50-day moving average price is €25.73 and its 200 day moving average price is €27.34. Evonik Industries has a fifty-two week low of €26.78 ($28.80) and a fifty-two week high of €32.97 ($35.45).
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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