ThyssenKrupp (TKA) Given a €30.80 Price Target by Societe Generale Analysts
ThyssenKrupp (FRA:TKA) has been assigned a €30.80 ($36.67) target price by Societe Generale in a research note issued on Wednesday. The firm currently has a “buy” rating on the basic materials company’s stock. Societe Generale’s price objective would suggest a potential upside of 36.13% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada set a €32.00 ($38.10) price target on shares of ThyssenKrupp and gave the stock a “buy” rating in a research note on Friday, November 3rd. Kepler Capital Markets set a €21.00 ($25.00) target price on shares of ThyssenKrupp and gave the company a “sell” rating in a research note on Friday, November 24th. Baader Bank set a €25.00 ($29.76) target price on shares of ThyssenKrupp and gave the company a “neutral” rating in a research note on Friday, November 24th. Jefferies Group set a €38.00 ($45.24) price target on shares of ThyssenKrupp and gave the stock a “buy” rating in a research note on Friday, November 24th. Finally, Bank of America set a €30.00 ($35.71) target price on shares of ThyssenKrupp and gave the company a “buy” rating in a research note on Friday, November 24th. Four 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. The company currently has a consensus rating of “Hold” and a consensus price target of €27.85 ($33.15).
Shares of ThyssenKrupp (FRA:TKA) opened at €22.63 ($26.93) on Wednesday. ThyssenKrupp has a 12-month low of €20.74 ($24.69) and a 12-month high of €27.01 ($32.15).
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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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