JPMorgan Chase & Co. Reiterates “€28.00” Price Target for Evonik Industries (FRA:EVK)

Evonik Industries (FRA:EVKGet Rating) has been given a €28.00 ($28.57) target price by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 55.56% from the stock’s current price.

EVK has been the topic of a number of other reports. Sanford C. Bernstein set a €40.00 ($40.82) price objective on shares of Evonik Industries in a research note on Monday, September 12th. Berenberg Bank set a €25.00 ($25.51) price objective on Evonik Industries in a research note on Tuesday, August 30th. Deutsche Bank Aktiengesellschaft set a €35.00 ($35.71) target price on Evonik Industries in a report on Monday, August 15th. Jefferies Financial Group set a €21.50 ($21.94) price target on Evonik Industries in a report on Wednesday, August 10th. Finally, Warburg Research set a €27.40 ($27.96) price objective on shares of Evonik Industries in a research report on Tuesday, August 16th.

Evonik Industries Stock Performance

Shares of EVK opened at €18.00 ($18.37) on Monday. The company’s 50 day simple moving average is €19.85 and its 200-day simple moving average is €22.78. Evonik Industries has a 12-month low of €26.78 ($27.33) and a 12-month high of €32.97 ($33.64).

About Evonik Industries

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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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