ThyssenKrupp AG (FRA:TKA) has been given a €18.50 ($20.56) price objective by equities researchers at Barclays PLC in a research report issued to clients and investors on Tuesday. The brokerage currently has a a “neutral” rating on the stock.

Several other equities analysts have also recently issued reports on TKA. Deutsche Bank AG restated a “buy” rating and set a target price on shares of ThyssenKrupp AG in a research note on Wednesday, August 17th. Morgan Stanley set a €23.50 ($26.11) target price on shares of ThyssenKrupp AG and gave the company a “buy” rating in a research note on Wednesday, June 29th. Commerzbank AG set a €26.00 ($28.89) target price on shares of ThyssenKrupp AG and gave the company a “buy” rating in a research note on Thursday, July 28th. Kepler Capital Markets set a €19.00 ($21.11) target price on shares of ThyssenKrupp AG and gave the company a “neutral” rating in a research note on Tuesday, July 5th. Finally, Baader Bank set a €25.00 ($27.78) target price on shares of ThyssenKrupp AG and gave the company a “buy” rating in a research note on Monday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of €22.74 ($25.26).

ThyssenKrupp AG (FRA:TKA) traded down 1.529% during trading on Tuesday, hitting €20.482. 3,876 shares of the stock traded hands. The company has a market cap of €11.59 billion and a P/E ratio of 64.409. ThyssenKrupp AG has a 52-week low of €12.62 and a 52-week high of €22.36. The firm has a 50-day moving average price of €21.04 and a 200 day moving average price of €19.37.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/thyssenkrupp-ag-tka-given-a-18-50-price-target-by-barclays-plc-analysts-2.html

About ThyssenKrupp AG

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.

Receive News & Ratings for ThyssenKrupp AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThyssenKrupp AG and related companies with MarketBeat.com's FREE daily email newsletter.