J P Morgan Chase & Co Reiterates “€28.00” Price Target for ThyssenKrupp AG (TKA)

ThyssenKrupp AG (FRA:TKA) has been assigned a €28.00 ($33.33) price objective by analysts at J P Morgan Chase & Co in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the basic materials company’s stock.

Several other brokerages have also recently issued reports on TKA. S&P Global set a €20.00 ($23.81) price objective on ThyssenKrupp AG and gave the company a “sell” rating in a research note on Monday, May 29th. Warburg Research set a €23.00 ($27.38) target price on ThyssenKrupp AG and gave the stock a “neutral” rating in a research note on Monday, May 29th. Baader Bank set a €25.00 ($29.76) target price on ThyssenKrupp AG and gave the stock a “neutral” rating in a research note on Monday, May 29th. DZ Bank AG restated a “buy” rating on shares of ThyssenKrupp AG in a research note on Monday, May 29th. Finally, Commerzbank Ag set a €29.00 ($34.52) target price on ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Monday, May 29th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of €26.98 ($32.12).

ThyssenKrupp AG (FRA TKA) opened at 25.68 on Thursday. ThyssenKrupp AG has a 12-month low of €19.40 and a 12-month high of €27.01. The firm’s market cap is €14.53 billion. The stock’s 50 day moving average is €25.55 and its 200 day moving average is €24.14.

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ThyssenKrupp AG Company Profile

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.

Analyst Recommendations for ThyssenKrupp AG (FRA:TKA)

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