ThyssenKrupp (FRA:TKA) has been assigned a €27.00 ($32.14) price objective by Independent Research in a research note issued on Friday, December 22nd. The firm currently has a “neutral” rating on the basic materials company’s stock. Independent Research’s target price would suggest a potential upside of 5.97% from the stock’s previous close.
TKA has been the topic of a number of other reports. Deutsche Bank set a €30.00 ($35.71) price objective on shares of ThyssenKrupp and gave the stock a “buy” rating in a research report on Thursday, September 21st. Nord/LB set a €30.00 ($35.71) price objective on shares of ThyssenKrupp and gave the stock a “buy” rating in a research report on Thursday, November 23rd. Baader Bank set a €25.00 ($29.76) price objective on shares of ThyssenKrupp and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. UBS Group set a €25.00 ($29.76) target price on shares of ThyssenKrupp and gave the stock a “neutral” rating in a research note on Friday, October 20th. Finally, Commerzbank set a €29.00 ($34.52) target price on shares of ThyssenKrupp and gave the stock a “buy” rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of €27.93 ($33.26).
ThyssenKrupp (FRA TKA) traded up €0.23 ($0.27) during trading on Friday, reaching €25.48 ($30.33). 2,565,309 shares of the company’s stock were exchanged. ThyssenKrupp has a 12 month low of €21.17 ($25.20) and a 12 month high of €27.01 ($32.15). The firm has a market cap of $15,840.00 and a price-to-earnings ratio of 68.86.
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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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