Independent Research Analysts Give ThyssenKrupp (TKA) a €18.00 Price Target

ThyssenKrupp (FRA:TKA) has been given a €18.00 ($20.93) price target by stock analysts at Independent Research in a note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Independent Research’s target price would suggest a potential upside of 11.11% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Commerzbank set a €30.00 ($34.88) price objective on ThyssenKrupp and gave the stock a “buy” rating in a research note on Tuesday, October 16th. UBS Group set a €30.00 ($34.88) price objective on ThyssenKrupp and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Jefferies Financial Group set a €32.00 ($37.21) price objective on ThyssenKrupp and gave the stock a “buy” rating in a research note on Monday, October 15th. Nord/LB set a €26.00 ($30.23) price objective on ThyssenKrupp and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, Kepler Capital Markets set a €35.00 ($40.70) price objective on ThyssenKrupp and gave the stock a “buy” rating in a research note on Monday, September 17th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of €24.75 ($28.78).

FRA:TKA opened at €16.20 ($18.84) on Wednesday. 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: Balance Sheet

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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