ThyssenKrupp (FRA:TKA) received a €30.00 ($34.88) target price from investment analysts at Commerzbank in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Commerzbank’s price objective would suggest a potential upside of 55.97% from the company’s previous close.
Several other equities research analysts also recently commented on the company. UBS Group set a €30.00 ($34.88) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Thursday, November 1st. Baader Bank set a €25.00 ($29.07) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Wednesday, October 31st. Jefferies Financial Group set a €32.00 ($37.21) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Monday, October 15th. JPMorgan Chase & Co. set a €22.50 ($26.16) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Friday, October 12th. Finally, Societe Generale set a €27.40 ($31.86) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. ThyssenKrupp presently has a consensus rating of “Buy” and a consensus price target of €27.15 ($31.56).
Shares of FRA TKA opened at €19.24 ($22.37) on Tuesday. ThyssenKrupp has a 12 month low of €20.70 ($24.07) and a 12 month high of €27.01 ($31.41).
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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