ThyssenKrupp (TKA) PT Set at €32.00 by Credit Suisse Group
ThyssenKrupp (FRA:TKA) has been assigned a €32.00 ($38.10) target price by analysts at Credit Suisse Group in a note issued to investors on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price target suggests a potential upside of 39.98% from the stock’s current price.
Several other analysts also recently issued reports on TKA. Independent Research set a €27.00 ($32.14) price target on shares of ThyssenKrupp and gave the company a “neutral” rating in a research report on Monday, August 28th. Kepler Capital Markets set a €21.00 ($25.00) price target on shares of ThyssenKrupp and gave the company a “sell” rating in a research report on Friday, October 13th. UBS set a €25.00 ($29.76) price target on shares of ThyssenKrupp and gave the company a “neutral” rating in a research report on Friday, October 20th. Deutsche Bank set a €30.00 ($35.71) price target on shares of ThyssenKrupp and gave the company a “buy” rating in a research report on Friday, September 8th. Finally, Royal Bank Of Canada set a €29.00 ($34.52) price target on shares of ThyssenKrupp and gave the company a “buy” rating in a research report on Wednesday, September 13th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. ThyssenKrupp has an average rating of “Hold” and an average target price of €27.85 ($33.15).
ThyssenKrupp (TKA) traded up €0.54 ($0.64) during trading hours on Monday, hitting €22.86 ($27.21). 2,369,720 shares of the stock traded hands. ThyssenKrupp has a 12 month low of €20.99 ($24.99) and a 12 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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