JPMorgan Chase Reiterates Sell Rating for Evonik Industries (FRA:EVK)

Evonik Industries (FRA:EVK)‘s stock had its “sell” rating restated by research analysts at JPMorgan Chase in a research report issued on Wednesday, March 14th.

Several other research analysts have also issued reports on the company. Sanford C. Bernstein set a €35.00 ($43.21) price target on Evonik Industries and gave the stock a “buy” rating in a report on Monday, March 12th. DZ Bank restated a “buy” rating on shares of Evonik Industries in a report on Thursday, March 8th. Commerzbank set a €39.00 ($48.15) target price on Evonik Industries and gave the company a “buy” rating in a report on Thursday, March 8th. Berenberg Bank set a €37.00 ($45.68) target price on Evonik Industries and gave the company a “buy” rating in a report on Thursday, March 8th. Finally, Credit Suisse Group set a €34.30 ($42.35) price target on Evonik Industries and gave the company a “buy” rating in a research report on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Evonik Industries currently has a consensus rating of “Hold” and an average target price of €33.80 ($41.73).

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Shares of Evonik Industries stock traded down €0.04 ($0.05) on Wednesday, hitting €29.04 ($35.85). 467,373 shares of the company’s stock traded hands. Evonik Industries has a one year low of €26.78 ($33.06) and a one year high of €32.97 ($40.70).

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Evonik Industries Company Profile

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, oleochemical 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.

Analyst Recommendations for Evonik Industries (FRA:EVK)

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