ThyssenKrupp (FRA:TKA) Given a €12.60 Price Target at Independent Research
Independent Research set a €12.60 ($14.65) price objective on ThyssenKrupp (FRA:TKA) in a research note published on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
Other analysts have also recently issued research reports about the company. Credit Suisse Group set a €9.00 ($10.47) price target on ThyssenKrupp and gave the stock a sell rating in a research report on Tuesday, September 3rd. HSBC set a €11.20 ($13.02) price objective on ThyssenKrupp and gave the company a neutral rating in a report on Thursday, August 15th. Barclays set a €12.00 ($13.95) price objective on ThyssenKrupp and gave the company a sell rating in a research note on Thursday, August 8th. Baader Bank set a €13.00 ($15.12) price objective on ThyssenKrupp and gave the company a neutral rating in a research note on Thursday, August 8th. Finally, Morgan Stanley set a €11.40 ($13.26) target price on ThyssenKrupp and gave the stock a neutral rating in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of €15.33 ($17.83).
Shares of FRA:TKA opened at €12.71 ($14.77) on Monday. ThyssenKrupp has a 1 year low of €20.70 ($24.07) and a 1 year high of €27.01 ($31.41). The firm has a fifty day moving average price of €10.89 and a 200 day moving average price of €12.05.
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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