ThyssenKrupp (FRA:TKA) has been given a €20.00 ($23.26) price objective by investment analysts at Independent Research in a research report issued on Friday. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Independent Research’s price objective indicates a potential upside of 15.41% from the company’s current price.
Several other analysts have also recently commented on TKA. Citigroup set a €26.00 ($30.23) target price on ThyssenKrupp and gave the stock a “buy” rating in a report on Thursday, July 12th. Jefferies Financial Group set a €33.00 ($38.37) target price on ThyssenKrupp and gave the stock a “buy” rating in a report on Monday, July 16th. Commerzbank set a €30.00 ($34.88) price target on ThyssenKrupp and gave the company a “buy” rating in a report on Monday, July 16th. JPMorgan Chase & Co. set a €25.50 ($29.65) price target on ThyssenKrupp and gave the company a “neutral” rating in a report on Tuesday, July 17th. Finally, DZ Bank reiterated a “neutral” rating on shares of ThyssenKrupp in a report on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of €26.55 ($30.87).
Shares of TKA stock opened at €17.33 ($20.15) on Friday. ThyssenKrupp has a 52 week low of €20.70 ($24.07) and a 52 week high of €27.01 ($31.41).
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.
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