Evonik Industries (ETR:EVK) Change of Rating

Evonik Industries (ETR:EVK)’s rating was increased by stock research analysts at Kepler Cheuvreux to Buy. They have a price target of EUR 30.00 on EVK. Kepler Cheuvreux’s price target means a potential upside of 20.92 % from the stock’s last stock price.

ETR:EVK Price Chart & Trend

The stock price of Evonik Industries has decreased 27.07% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Evonik Industries is down 18.54% and down 19.91%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Evonik Industries (ETR:EVK) Profile

Evonik Industries AG (Evonik) is a Germany-based company engaged in the specialty chemicals sector. The Company’s activities are divided in four segments: Nutrition & Care, produces specialty chemicals, mainly for use in consumer goods for daily needs and food, as well as in animal nutrition and healthcare products; Resource Efficiency, offers material solutions for environment-friendly and energy-efficient products used in the automotive, adhesives and construction industries, among others; Performance Materials, produces polymer materials and their intermediates, mainly for the rubber, plastics and agriculture sectors, and Services, includes site management, utilities and waste management, as well as technical, process technology, engineering and logistics services for the chemicals segments and external customers at Company’s sites, among others. It is a subsidiary of RAG Stiftung.

Evonik Industries (ETR:EVK) traded down -0.42% on 6 March, hitting EUR 24.8. A total of shares of the company’s stock traded hands. This is down from average of 740,121 shares. Evonik Industries has a 52 week low of EUR 24.49 and a 52 week high of EUR 37.74. The company has a market cap of 11.55B EUR and a P/E ratio of 11.23.

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