Credit Suisse Group Reiterates €32.00 Price Target for ThyssenKrupp (TKA)
ThyssenKrupp (FRA:TKA) received a €32.00 ($38.10) price target from stock analysts at Credit Suisse Group in a research note issued on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 26.18% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Commerzbank set a €32.00 ($38.10) price objective on ThyssenKrupp and gave the company a “buy” rating in a research report on Wednesday, September 20th. BNP Paribas set a €35.00 ($41.67) price objective on ThyssenKrupp and gave the company a “buy” rating in a research report on Thursday, September 21st. Kepler Capital Markets set a €26.00 ($30.95) price objective on ThyssenKrupp and gave the company a “neutral” rating in a research report on Thursday, September 21st. S&P Global set a €20.00 ($23.81) price objective on ThyssenKrupp and gave the company a “sell” rating in a research report on Friday, November 24th. Finally, Nord/LB set a €30.00 ($35.71) price objective on ThyssenKrupp and gave the company a “buy” rating in a research report on Monday, September 25th. 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 an average rating of “Hold” and an average price target of €27.93 ($33.26).
ThyssenKrupp (FRA TKA) traded down €0.10 ($0.12) on Monday, reaching €25.38 ($30.21). 1,272,415 shares of the company’s stock traded hands. The firm has a market capitalization of $15,910.00 and a price-to-earnings ratio of 68.59. ThyssenKrupp has a 12 month low of €21.17 ($25.20) and a 12 month 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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