Baader Bank set a €25.00 ($29.07) price objective on ThyssenKrupp (FRA:TKA) in a research report report published on Wednesday morning. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other equities analysts also recently issued reports on TKA. UBS Group set a €30.00 ($34.88) target price on ThyssenKrupp and gave the stock a buy rating in a research note on Thursday, August 2nd. Independent Research set a €23.50 ($27.33) target price on ThyssenKrupp and gave the stock a neutral rating in a research note on Thursday, August 9th. Cfra set a €23.00 ($26.74) target price on ThyssenKrupp and gave the stock a neutral rating in a research note on Friday, August 10th. Barclays set a €20.00 ($23.26) target price on ThyssenKrupp and gave the stock a sell rating in a research note on Wednesday. Finally, HSBC set a €27.00 ($31.40) target price on ThyssenKrupp and gave the stock a buy rating in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €24.75 ($28.78).
Shares of TKA stock opened at €16.27 ($18.91) on Wednesday. ThyssenKrupp has a 12-month low of €20.70 ($24.07) and a 12-month 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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