JPMorgan Chase & Co. set a €6.00 ($6.74) price objective on ThyssenKrupp (FRA:TKA) in a research report report published on Friday, Borsen Zeitung reports. The brokerage currently has a sell rating on the basic materials company’s stock.

Several other research analysts have also issued reports on the company. Baader Bank set a €7.50 ($8.43) target price on ThyssenKrupp and gave the stock a buy rating in a research report on Thursday. Barclays set a €10.00 ($11.24) price objective on ThyssenKrupp and gave the stock a neutral rating in a research report on Tuesday, May 19th. Independent Research set a €5.50 ($6.18) price objective on ThyssenKrupp and gave the stock a neutral rating in a research report on Wednesday, May 20th. Morgan Stanley set a €8.00 ($8.99) price objective on ThyssenKrupp and gave the stock a neutral rating in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group set a €10.00 ($11.24) price objective on ThyssenKrupp and gave the stock a buy rating in a research report on Friday, June 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. ThyssenKrupp has a consensus rating of Hold and an average price target of €9.41 ($10.57).

Shares of FRA:TKA opened at €6.90 ($7.76) on Friday. ThyssenKrupp has a 12-month low of €20.70 ($23.26) and a 12-month high of €27.01 ($30.35). The business has a fifty day simple moving average of €5.87 and a 200 day simple moving average of €8.35.

ThyssenKrupp Company Profile

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.

Read More: What is a CD ladder?

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

Receive News & Ratings for ThyssenKrupp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThyssenKrupp and related companies with MarketBeat.com's FREE daily email newsletter.