Goldman Sachs Group Inc. Reiterates “€20.00” Price Target for ThyssenKrupp AG (TKA)
ThyssenKrupp AG (FRA:TKA) received a €20.00 ($21.51) target price from investment analysts at Goldman Sachs Group Inc. in a research report issued on Friday. The brokerage presently has a “neutral” rating on the stock.
TKA has been the topic of several other research reports. Commerzbank AG set a €26.00 ($27.96) price objective on ThyssenKrupp AG and gave the stock a “buy” rating in a report on Friday, August 19th. Nord/LB reaffirmed a “buy” rating on shares of ThyssenKrupp AG in a report on Wednesday, November 2nd. Bankhaus Lampe set a €20.00 ($21.51) price objective on ThyssenKrupp AG and gave the stock a “neutral” rating in a report on Monday, August 29th. Credit Suisse Group AG set a €30.00 ($32.26) price target on ThyssenKrupp AG and gave the company a “buy” rating in a research note on Friday, October 28th. Finally, JPMorgan Chase & Co. set a €22.20 ($23.87) price target on ThyssenKrupp AG and gave the company a “buy” rating in a research note on Thursday, September 15th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of €23.49 ($25.26).
ThyssenKrupp AG (FRA:TKA) opened at 21.614 on Friday. The stock’s 50 day moving average price is €21.47 and its 200-day moving average price is €20.26. ThyssenKrupp AG has a one year low of €12.62 and a one year high of €22.95. The stock has a market cap of €12.23 billion and a P/E ratio of 67.969.
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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