Berenberg Bank set a €27.50 ($30.56) target price on ThyssenKrupp AG (FRA:TKA) in a research note released on Friday morning. The brokerage currently has a a buy rating on the stock.

A number of other equities analysts also recently commented on the stock. Bank of America Corp. set a €25.00 ($27.78) price objective on shares of ThyssenKrupp AG and gave the stock a buy rating in a research report on Friday. Deutsche Bank AG set a €24.00 ($26.67) price target on shares of ThyssenKrupp AG and gave the company a buy rating in a report on Friday, September 30th. Jefferies Group set a €25.00 ($27.78) price target on shares of ThyssenKrupp AG and gave the company a buy rating in a report on Friday, September 30th. JPMorgan Chase & Co. set a €22.20 ($24.67) price target on shares of ThyssenKrupp AG and gave the company a buy rating in a report on Tuesday, September 27th. Finally, Morgan Stanley set a €24.20 ($26.89) price target on shares of ThyssenKrupp AG and gave the company a buy rating in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the stock. ThyssenKrupp AG presently has a consensus rating of Buy and an average target price of €22.85 ($25.38).

ThyssenKrupp AG (FRA:TKA) traded up 3.53% during trading on Friday, hitting €22.56. 33,410 shares of the stock traded hands. The company’s 50 day moving average price is €21.18 and its 200-day moving average price is €19.73. The stock has a market cap of €12.77 billion and a P/E ratio of 70.94. ThyssenKrupp AG has a 52-week low of €12.62 and a 52-week high of €22.56.

About ThyssenKrupp AG

ThyssenKrupp AG is a Germany-based technology holding company operating through eight business segments. Steel Europe segment, which produces carbon steel flat products. Steel Americas, engaged in production, processing and marketing of high-grade carbon steels. Stainless Global segment is engaged in production of stainless steel products and materials.

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