ThyssenKrupp AG (TKA) Given a €26.00 Price Target at Royal Bank of Canada
ThyssenKrupp AG (FRA:TKA) received a €26.00 ($29.21) price target from analysts at Royal Bank of Canada in a research note issued to investors on Friday. The firm presently has a “buy” rating on the basic materials company’s stock.
A number of other research analysts have also recently commented on TKA. Morgan Stanley set a €24.00 ($26.97) target price on shares of ThyssenKrupp AG and gave the stock a “neutral” rating in a report on Friday, January 27th. Commerzbank Ag set a €26.00 ($29.21) target price on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a report on Friday, January 27th. Barclays PLC set a €18.50 ($20.79) target price on shares of ThyssenKrupp AG and gave the stock a “neutral” rating in a report on Monday, January 30th. Jefferies Group LLC set a €30.00 ($33.71) target price on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a report on Tuesday, January 31st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of ThyssenKrupp AG in a report on Tuesday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the stock. ThyssenKrupp AG presently has an average rating of “Hold” and a consensus target price of €25.33 ($28.46).
Shares of ThyssenKrupp AG (FRA:TKA) traded down 0.402% during trading on Friday, hitting €24.015. 3,571 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is €22.38 and its 200-day moving average price is €22.74. ThyssenKrupp AG has a 1-year low of €16.61 and a 1-year high of €24.65. The stock’s market cap is €13.59 billion.
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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.
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