Evonik Industries (OTCMKTS:EVKIF) Coverage Initiated at Jefferies Financial Group

Analysts at Jefferies Financial Group began coverage on shares of Evonik Industries (OTCMKTS:EVKIF) in a research report issued on Thursday, The Fly reports. The brokerage set a “hold” rating on the stock.

Several other research analysts have also recently weighed in on the stock. UBS Group reissued a “sell” rating on shares of Evonik Industries in a report on Wednesday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Evonik Industries in a report on Friday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Evonik Industries in a report on Monday, July 5th. Kepler Capital Markets raised shares of Evonik Industries from a “hold” rating to a “buy” rating and set a €34.00 ($40.00) target price for the company in a report on Thursday, July 1st. Finally, Barclays upped their target price on shares of Evonik Industries from €33.00 ($38.82) to €34.00 ($40.00) and gave the company an “overweight” rating in a report on Thursday, August 12th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Evonik Industries presently has a consensus rating of “Hold” and a consensus price target of $34.00.

EVKIF opened at $30.76 on Thursday. The firm has a 50 day moving average price of $32.51 and a 200-day moving average price of $34.14. Evonik Industries has a twelve month low of $24.66 and a twelve month high of $38.05.

Evonik Industries Company Profile

Evonik Industries AG operates as a holding company, which engages in the manufacture of specialty chemical products. It operates through the following segments: Nutrition and Care, Resource Efficiency, Performance Materials, Services, and Other Operations. The Nutrition and Care segment produces specialty chemicals, principally for use in consumer goods for daily needs, and in animal nutrition and healthcare products.

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Analyst Recommendations for Evonik Industries (OTCMKTS:EVKIF)

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