ThyssenKrupp (FRA:TKA) Shares Pass Above Two Hundred Day Moving Average of $12.02
ThyssenKrupp AG (FRA:TKA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.02 and traded as high as $13.32. ThyssenKrupp shares last traded at $13.19, with a volume of 7,732,712 shares traded.
A number of analysts have recently issued reports on TKA shares. Morgan Stanley set a €13.20 ($15.35) target price on ThyssenKrupp and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Baader Bank set a €13.00 ($15.12) target price on ThyssenKrupp and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Kepler Capital Markets set a €16.00 ($18.60) target price on ThyssenKrupp and gave the stock a “buy” rating in a research report on Friday, August 23rd. Independent Research set a €12.80 ($14.88) target price on ThyssenKrupp and gave the stock a “neutral” rating in a research report on Tuesday, October 1st. Finally, Nord/LB set a €11.00 ($12.79) price objective on ThyssenKrupp and gave the company a “neutral” rating in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €15.32 ($17.81).
The company has a 50-day moving average price of €12.24 and a 200-day moving average price of €12.02.
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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