ThyssenKrupp AG (TKA) Given a €27.70 Price Target by Morgan Stanley Analysts
Morgan Stanley set a €27.70 ($32.59) target price on ThyssenKrupp AG (FRA:TKA) in a research report sent to investors on Monday morning. The firm currently has a neutral rating on the basic materials company’s stock.
Other analysts have also recently issued reports about the company. Berenberg Bank set a €28.50 ($33.53) price target on ThyssenKrupp AG and gave the stock a buy rating in a research report on Thursday, June 22nd. Macquarie set a €30.00 ($35.29) price objective on ThyssenKrupp AG and gave the stock a buy rating in a research note on Monday, June 19th. Deutsche Bank AG set a €30.00 ($35.29) price objective on ThyssenKrupp AG and gave the stock a buy rating in a research note on Wednesday, June 14th. Credit Suisse Group set a €33.00 ($38.82) price objective on ThyssenKrupp AG and gave the stock a buy rating in a research note on Thursday, June 8th. Finally, DZ Bank AG reissued a buy rating on shares of ThyssenKrupp AG in a research note on Tuesday, July 4th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of €27.78 ($32.68).
ThyssenKrupp AG (FRA TKA) opened at 24.02 on Monday. The company’s market capitalization is €13.59 billion. ThyssenKrupp AG has a 52-week low of €19.40 and a 52-week high of €27.01. The stock’s 50 day moving average price is €25.30 and its 200-day moving average price is €24.27.
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About ThyssenKrupp AG
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.
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