ThyssenKrupp (TKA) Given a €32.00 Price Target by Commerzbank Analysts
ThyssenKrupp (FRA:TKA) received a €32.00 ($39.51) price objective from equities researchers at Commerzbank in a report released on Wednesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Commerzbank’s target price points to a potential upside of 39.74% from the stock’s current price.
TKA has been the subject of a number of other research reports. JPMorgan Chase & Co. set a €27.00 ($33.33) target price on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday, November 15th. UBS Group set a €25.00 ($30.86) target price on ThyssenKrupp and gave the stock a “neutral” rating in a report on Friday, October 20th. Baader Bank set a €25.00 ($30.86) target price on ThyssenKrupp and gave the stock a “neutral” rating in a report on Friday, November 24th. Citigroup reiterated a “neutral” rating on shares of ThyssenKrupp in a report on Wednesday, November 29th. Finally, Societe Generale set a €30.80 ($38.02) target price on ThyssenKrupp and gave the stock a “buy” rating in a report on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of €28.60 ($35.30).
Shares of ThyssenKrupp (TKA) opened at €22.90 ($28.27) on Wednesday. The company has a market capitalization of $14,420.00 and a price-to-earnings ratio of 61.89. ThyssenKrupp has a 12 month low of €21.17 ($26.14) and a 12 month high of €27.01 ($33.35).
ThyssenKrupp Company Profile
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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