ThyssenKrupp (TKA) Given a €20.00 Price Target by Barclays Analysts
ThyssenKrupp (FRA:TKA) received a €20.00 ($23.81) price objective from Barclays in a report issued on Tuesday. The firm currently has a “sell” rating on the basic materials company’s stock. Barclays’ price target would indicate a potential downside of 13.77% from the stock’s previous close.
TKA has been the subject of several other reports. Deutsche Bank set a €30.00 ($35.71) price objective on ThyssenKrupp and gave the stock a “buy” rating in a research report on Thursday, September 21st. Nord/LB set a €30.00 ($35.71) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Thursday, November 23rd. Baader Bank set a €25.00 ($29.76) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Tuesday, September 26th. UBS set a €25.00 ($29.76) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Friday, October 20th. Finally, J P Morgan Chase & Co set a €28.00 ($33.33) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Monday, August 21st. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. ThyssenKrupp currently has an average rating of “Hold” and a consensus target price of €27.89 ($33.20).
ThyssenKrupp (FRA:TKA) opened at €23.20 ($27.61) on Tuesday. ThyssenKrupp has a one year low of €21.17 ($25.20) and a one year high of €27.01 ($32.15).
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ThyssenKrupp Company Profile
thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The companys Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. This segments products include assembled camshafts, powertrain crankshafts, steering and damping systems, net-machined crankshafts, engine components, steering columns and shafts, steering gears, slewing bearings, crawlers, crawler components, and springs and stabilizers, as well as cylinder head modules with integrated camshafts.
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