Baader Bank set a €25.00 ($29.76) target price on ThyssenKrupp (FRA:TKA) in a research note released on Thursday, December 28th. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other brokerages also recently issued reports on TKA. Commerzbank set a €32.00 ($38.10) price target on ThyssenKrupp and gave the company a buy rating in a report on Thursday, November 23rd. Independent Research set a €28.00 ($33.33) target price on ThyssenKrupp and gave the stock a neutral rating in a research note on Tuesday, September 26th. Kepler Capital Markets set a €21.00 ($25.00) target price on ThyssenKrupp and gave the stock a sell rating in a research note on Tuesday, December 5th. Credit Suisse Group set a €35.30 ($42.02) target price on ThyssenKrupp and gave the stock a buy rating in a research note on Thursday, September 21st. Finally, Barclays set a €21.00 ($25.00) price target on ThyssenKrupp and gave the stock a sell rating in a research report on Tuesday, October 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of €27.93 ($33.26).
Shares of ThyssenKrupp (FRA TKA) traded up €0.23 ($0.27) during mid-day trading on Thursday, hitting €25.48 ($30.33). The company had a trading volume of 2,565,309 shares. The company has a market cap of $15,840.00 and a price-to-earnings ratio of 68.86. ThyssenKrupp has a 52-week low of €21.17 ($25.20) and a 52-week high of €27.01 ($32.15).
thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The companys Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. This segments products include assembled camshafts, powertrain crankshafts, steering and damping systems, net-machined crankshafts, engine components, steering columns and shafts, steering gears, slewing bearings, crawlers, crawler components, and springs and stabilizers, as well as cylinder head modules with integrated camshafts.
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