ThyssenKrupp (TKA) Given a €32.00 Price Target at Credit Suisse Group
ThyssenKrupp (FRA:TKA) received a €32.00 ($38.10) target price from investment analysts at Credit Suisse Group in a research note issued on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s target price indicates a potential upside of 28.10% from the stock’s previous close.
A number of other analysts have also commented on TKA. Commerzbank set a €32.00 ($38.10) price objective on ThyssenKrupp and gave the stock a “buy” rating in a report on Wednesday, September 20th. Barclays set a €21.00 ($25.00) price objective on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Independent Research set a €29.00 ($34.52) price objective on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday, September 20th. UBS Group set a €20.50 ($24.40) price objective on ThyssenKrupp and gave the stock a “sell” rating in a report on Wednesday, September 20th. Finally, DZ Bank reissued a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, September 20th. 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. The stock presently has an average rating of “Hold” and an average target price of €27.93 ($33.26).
Shares of ThyssenKrupp (TKA) opened at €24.98 ($29.74) on Monday. The company has a market capitalization of $15,530.00 and a P/E ratio of 67.51. ThyssenKrupp has a twelve month low of €21.17 ($25.20) and a twelve month high of €27.01 ($32.15).
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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