ThyssenKrupp AG (FRA:TKA) has been assigned a €30.00 ($34.88) target price by research analysts at Deutsche Bank AG in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the basic materials company’s stock.

A number of other brokerages have also recently issued reports on TKA. Royal Bank Of Canada set a €27.00 ($31.40) target price on ThyssenKrupp AG and gave the stock a “buy” rating in a report on Tuesday, April 18th. Jefferies Group LLC set a €30.00 ($34.88) target price on ThyssenKrupp AG and gave the company a “buy” rating in a research report on Wednesday, April 12th. Credit Suisse Group set a €30.00 ($34.88) target price on ThyssenKrupp AG and gave the company a “buy” rating in a research report on Tuesday, April 11th. Berenberg Bank set a €28.50 ($33.14) target price on ThyssenKrupp AG and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, Macquarie set a €30.00 ($34.88) price target on ThyssenKrupp AG and gave the stock a “buy” rating in a report on Tuesday, May 2nd. Four analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of €25.93 ($30.15).

ThyssenKrupp AG (FRA:TKA) opened at 25.815 on Wednesday. ThyssenKrupp AG has a 12 month low of €19.40 and a 12 month high of €27.01. The company has a 50-day moving average price of €25.14 and a 200 day moving average price of €23.55. The company’s market capitalization is €14.61 billion.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/07/26/deutsche-bank-ag-analysts-give-thyssenkrupp-ag-tka-a-30-00-price-target.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.

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.