ThyssenKrupp (TKA) Given a €31.00 Price Target at Warburg Research
ThyssenKrupp (FRA:TKA) received a €31.00 ($36.90) target price from investment analysts at Warburg Research in a report released on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Warburg Research’s target price points to a potential upside of 33.65% from the stock’s previous close.
Several other analysts have also commented on the stock. 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) target price 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) target price 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) target price 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 stock a “buy” rating in a research report on Wednesday, September 13th. Four 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of €27.89 ($33.20).
Shares of ThyssenKrupp (FRA TKA) opened at €23.20 ($27.61) on Tuesday. ThyssenKrupp has a 52-week low of €21.17 ($25.20) and a 52-week high of €27.01 ($32.15).
ThyssenKrupp Company Profile
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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