ThyssenKrupp (TKA) PT Set at €32.00 by Credit Suisse Group
ThyssenKrupp (FRA:TKA) received a €32.00 ($38.10) price target from equities researchers at Credit Suisse Group in a report issued on Thursday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s target price would suggest a potential upside of 35.25% from the stock’s previous close.
A number of other brokerages also recently issued reports on TKA. Commerzbank set a €32.00 ($38.10) price target on shares of ThyssenKrupp and gave the stock a “buy” rating in a report on Thursday, November 23rd. Independent Research set a €28.00 ($33.33) price objective on shares of ThyssenKrupp and gave the company a “neutral” rating in a report on Tuesday, September 26th. Kepler Capital Markets set a €21.00 ($25.00) price objective on shares of ThyssenKrupp and gave the company a “sell” rating in a report on Tuesday, December 5th. Barclays set a €21.00 ($25.00) price objective on shares of ThyssenKrupp and gave the company a “sell” rating in a report on Tuesday, October 3rd. Finally, DZ Bank reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, November 16th. Four analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €27.89 ($33.20).
Shares of ThyssenKrupp (FRA TKA) opened at €23.66 ($28.17) on Thursday. ThyssenKrupp has a twelve month low of €21.17 ($25.20) and a twelve 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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