ThyssenKrupp (FRA:TKA) has been given a €13.00 ($15.12) price objective by stock analysts at Macquarie in a report released on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Macquarie’s price target indicates a potential upside of 13.24% from the stock’s previous close.
Several other brokerages have also issued reports on TKA. Barclays set a $164.00 price target on Jazz Pharmaceuticals and gave the company a “buy” rating in a report on Wednesday, July 3rd. Baader Bank set a €230.00 ($267.44) price target on Wirecard and gave the company a “buy” rating in a report on Monday, May 13th. HSBC reiterated a “hold” rating and set a $155.00 price target on shares of Continental in a report on Friday, May 3rd. Independent Research set a €13.00 ($15.12) price target on ThyssenKrupp and gave the company a “neutral” rating in a report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cisco Systems in a report on Thursday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of €18.88 ($21.96).
FRA:TKA traded down €0.11 ($0.13) on Tuesday, hitting €11.48 ($13.35). 6,333,723 shares of the company’s stock traded hands. ThyssenKrupp has a 1 year low of €20.70 ($24.07) and a 1 year high of €27.01 ($31.41). The firm’s 50-day simple moving average is €12.04.
thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.
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