ThyssenKrupp (FRA:TKA) received a €20.00 ($23.81) price target from equities researchers at Barclays in a research note issued on Tuesday. The brokerage currently has a “sell” rating on the basic materials company’s stock. Barclays’ price target suggests a potential downside of 13.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Kepler Capital Markets set a €21.00 ($25.00) price target on shares of ThyssenKrupp and gave the stock a “sell” rating in a research note on Monday. Independent Research set a €26.00 ($30.95) price target on shares of ThyssenKrupp and gave the stock a “neutral” rating in a research note on Monday. Commerzbank set a €32.00 ($38.10) price target on shares of ThyssenKrupp and gave the stock a “buy” rating in a research note on Monday. Jefferies Group set a €38.00 ($45.24) price target on shares of ThyssenKrupp and gave the stock a “buy” rating in a research note on Monday. Finally, Credit Suisse Group set a €32.00 ($38.10) price target on shares of ThyssenKrupp and gave the stock a “buy” rating in a research note on Monday, December 4th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €27.89 ($33.20).
Shares of ThyssenKrupp (TKA) opened at €23.20 ($27.61) on Tuesday. ThyssenKrupp has a one year low of €21.17 ($25.20) and a one year high of €27.01 ($32.15).
ILLEGAL ACTIVITY NOTICE: “Barclays Reiterates €20.00 Price Target for ThyssenKrupp (TKA)” was published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/12/barclays-reiterates-20-00-price-target-for-thyssenkrupp-tka.html.
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.
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.