Evonik Industries (FRA:EVK) Given a €24.00 Price Target at Bank of America

Bank of America set a €24.00 ($27.91) target price on Evonik Industries (FRA:EVK) in a research note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

Other equities research analysts have also issued research reports about the company. Independent Research set a €25.00 ($29.07) target price on Evonik Industries and gave the company a neutral rating in a research report on Wednesday, August 7th. Nord/LB set a €24.00 ($27.91) target price on Evonik Industries and gave the company a neutral rating in a research report on Thursday, August 1st. Barclays set a €27.00 ($31.40) target price on Evonik Industries and gave the company a neutral rating in a research report on Monday, August 5th. JPMorgan Chase & Co. set a €26.00 ($30.23) target price on Evonik Industries and gave the company a neutral rating in a research report on Thursday, August 1st. Finally, Deutsche Bank set a €40.00 ($46.51) target price on Evonik Industries and gave the company a buy rating in a research report on Friday, August 2nd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. Evonik Industries has an average rating of Hold and an average target price of €29.59 ($34.41).

Shares of FRA EVK opened at €23.01 ($26.76) on Friday. The business’s 50 day moving average price is €22.86 and its 200 day moving average price is €24.86. Evonik Industries has a 52 week low of €26.78 ($31.14) and a 52 week 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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Analyst Recommendations for Evonik Industries (FRA:EVK)

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