ThyssenKrupp AG (FRA:TKA) has been given a €30.00 ($34.48) price objective by research analysts at HSBC Holdings plc in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the basic materials company’s stock.

A number of other equities research analysts have also recently commented on TKA. UBS AG set a €18.00 ($20.69) price objective on shares of ThyssenKrupp AG and gave the stock a “sell” rating in a research note on Friday, May 12th. Royal Bank Of Canada set a €27.00 ($31.03) price objective on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Friday, May 12th. Baader Bank set a €25.00 ($28.74) price objective on shares of ThyssenKrupp AG and gave the stock a “neutral” rating in a research note on Monday, May 29th. Warburg Research set a €23.00 ($26.44) price objective on shares of ThyssenKrupp AG and gave the stock a “neutral” rating in a research note on Monday, May 29th. Finally, Berenberg Bank set a €28.50 ($32.76) price objective on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Monday, July 17th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of €25.71 ($29.55).

Shares of ThyssenKrupp AG (TKA) traded down 1.405% during trading on Thursday, reaching €25.689. 55,657 shares of the company’s stock traded hands. The company has a 50 day moving average price of €24.98 and a 200-day moving average price of €23.50. The stock’s market cap is €14.54 billion. ThyssenKrupp AG has a one year low of €19.36 and a one year high of €27.01.

TRADEMARK VIOLATION NOTICE: This story was originally published by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/23/hsbc-holdings-plc-analysts-give-thyssenkrupp-ag-fratka-a-30-00-price-target.html.

ThyssenKrupp AG Company Profile

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.

Analyst Recommendations for ThyssenKrupp AG (FRA:TKA)

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.