ThyssenKrupp (TKA) PT Set at €21.00 by Kepler Capital Markets
ThyssenKrupp (FRA:TKA) has been assigned a €21.00 ($25.00) price objective by equities researchers at Kepler Capital Markets in a research note issued on Tuesday. The brokerage presently has a “sell” rating on the basic materials company’s stock. Kepler Capital Markets’ target price suggests a potential downside of 6.91% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank set a €30.00 ($35.71) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Friday, August 11th. Berenberg Bank set a €28.50 ($33.93) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Thursday, August 10th. Credit Suisse Group set a €34.30 ($40.83) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Wednesday, August 9th. Commerzbank set a €29.00 ($34.52) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Thursday, August 10th. Finally, Royal Bank Of Canada set a €29.00 ($34.52) target price on ThyssenKrupp and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. ThyssenKrupp has a consensus rating of “Hold” and an average target price of €27.85 ($33.15).
Shares of ThyssenKrupp (FRA TKA) traded down €0.30 ($0.36) during midday trading on Tuesday, hitting €22.56 ($26.86). The company had a trading volume of 2,074,004 shares. ThyssenKrupp has a 1-year low of €20.99 ($24.99) and a 1-year high of €27.01 ($32.15).
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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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