Evonik Industries (EVK) Given a €25.00 Price Target by JPMorgan Chase & Co. Analysts

Evonik Industries (FRA:EVK) received a €25.00 ($29.76) price objective from stock analysts at JPMorgan Chase & Co. in a research report issued on Wednesday. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 21.75% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Credit Suisse Group set a €34.30 ($40.83) target price on shares of Evonik Industries and gave the stock a “buy” rating in a research note on Tuesday, September 26th. Baader Bank set a €41.00 ($48.81) target price on shares of Evonik Industries and gave the stock a “buy” rating in a research note on Thursday, September 21st. Barclays set a €34.50 ($41.07) target price on shares of Evonik Industries and gave the stock a “buy” rating in a research note on Friday, September 29th. Sanford C. Bernstein set a €35.00 ($41.67) price objective on shares of Evonik Industries and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Commerzbank set a €33.00 ($39.29) price objective on shares of Evonik Industries and gave the company a “buy” rating in a research note on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Evonik Industries presently has a consensus rating of “Hold” and an average price target of €33.87 ($40.32).

Shares of Evonik Industries (FRA EVK) traded up €0.23 ($0.27) during midday trading on Wednesday, hitting €31.95 ($38.04). 510,012 shares of the stock traded hands. The company has a market capitalization of $14,790.00 and a P/E ratio of 20.35. Evonik Industries has a 52-week low of €26.78 ($31.88) and a 52-week high of €32.97 ($39.25).

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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, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, animal nutrition, and healthcare sectors.

Analyst Recommendations for Evonik Industries (FRA:EVK)

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