ThyssenKrupp (TKA) Given a €32.00 Price Target at Credit Suisse Group
ThyssenKrupp (FRA:TKA) has been assigned a €32.00 ($39.51) target price by investment analysts at Credit Suisse Group in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 24.51% from the company’s previous close.
Several other analysts also recently commented on the stock. Jefferies Group reissued a “buy” rating on shares of ThyssenKrupp in a research report on Monday, December 18th. Barclays set a €20.00 ($24.69) target price on shares of ThyssenKrupp and gave the stock a “sell” rating in a research report on Tuesday, December 12th. Kepler Capital Markets set a €21.00 ($25.93) target price on shares of ThyssenKrupp and gave the stock a “sell” rating in a research report on Friday, October 13th. UBS Group set a €25.00 ($30.86) target price on shares of ThyssenKrupp and gave the stock a “neutral” rating in a research report on Friday, October 20th. Finally, DZ Bank reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, November 24th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of €28.25 ($34.88).
Shares of ThyssenKrupp (TKA) opened at €25.70 ($31.73) on Monday. The company has a market cap of $15,990.00 and a P/E ratio of 69.46. ThyssenKrupp has a 1 year low of €21.17 ($26.14) and a 1 year high of €27.01 ($33.35).
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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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