ThyssenKrupp (TKA) PT Set at €22.50 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €22.50 ($26.16) price objective on ThyssenKrupp (FRA:TKA) in a research note published on Thursday. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other research firms have also commented on TKA. Independent Research set a €22.00 ($25.58) price target on shares of ThyssenKrupp and gave the company a neutral rating in a research report on Thursday, September 13th. Jefferies Financial Group set a €33.00 ($38.37) price target on shares of ThyssenKrupp and gave the company a buy rating in a research report on Thursday, August 9th. Commerzbank set a €30.00 ($34.88) price target on shares of ThyssenKrupp and gave the company a buy rating in a research report on Thursday, August 23rd. Kepler Capital Markets set a €26.00 ($30.23) price target on shares of ThyssenKrupp and gave the company a buy rating in a research report on Tuesday, July 17th. Finally, Barclays set a €20.00 ($23.26) price target on shares of ThyssenKrupp and gave the company a sell rating in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of €26.55 ($30.87).

ThyssenKrupp stock traded down €1.73 ($2.01) during mid-day trading on Thursday, reaching €17.33 ($20.15). The company’s stock had a trading volume of 14,333,765 shares. ThyssenKrupp has a 12-month low of €20.70 ($24.07) and a 12-month high of €27.01 ($31.41).

About ThyssenKrupp

thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. Its Elevator Technology segment is involved in the construction, modernization, and servicing of elevators, escalators, moving walks, and stairs and platform lifts, as well as passenger boarding bridges.

Further Reading: Growth Stocks

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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