ThyssenKrupp AG (TKA) Given a €26.70 Price Target by Societe Generale Analysts
ThyssenKrupp AG (FRA:TKA) has been given a €26.70 ($28.11) price objective by stock analysts at Societe Generale in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock.
Several other equities research analysts have also weighed in on the company. Jefferies Group set a €25.00 ($26.32) price objective on ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Friday, September 30th. Macquarie set a €22.00 ($23.16) price objective on ThyssenKrupp AG and gave the stock a “neutral” rating in a research note on Friday, October 28th. Deutsche Bank AG set a €26.00 ($27.37) price objective on ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Friday, November 25th. Baader Bank set a €25.00 ($26.32) price objective on ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Thursday, November 24th. Finally, S&P Global Inc. set a €17.00 ($17.89) price objective on ThyssenKrupp AG and gave the stock a “sell” rating in a research note on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of €23.49 ($24.72).
Shares of ThyssenKrupp AG (FRA:TKA) opened at 21.42 on Tuesday. The firm’s 50-day moving average price is €21.44 and its 200-day moving average price is €20.31. ThyssenKrupp AG has a 52-week low of €12.62 and a 52-week high of €22.95. The stock has a market cap of €12.12 billion and a P/E ratio of 40.96.
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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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