Credit Suisse Group Reiterates €32.00 Price Target for ThyssenKrupp (TKA)

ThyssenKrupp (FRA:TKA) has been given a €32.00 ($38.10) price target by equities researchers at Credit Suisse Group in a research note issued on Monday. The firm presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s target price points to a potential upside of 22.65% from the stock’s current price.

Other analysts have also issued research reports about the company. S&P Global set a €20.00 ($23.81) target price on ThyssenKrupp and gave the stock a “sell” rating in a report on Friday, November 24th. JPMorgan Chase & Co. set a €26.50 ($31.55) target price on ThyssenKrupp and gave the stock a “neutral” rating in a report on Friday. Royal Bank of Canada set a €33.00 ($39.29) target price on ThyssenKrupp and gave the stock a “buy” rating in a report on Tuesday, October 17th. Independent Research set a €25.00 ($29.76) target price on ThyssenKrupp and gave the stock a “neutral” rating in a report on Thursday, November 23rd. Finally, Nord/LB set a €30.00 ($35.71) target price on ThyssenKrupp and gave the stock a “buy” rating in a report on Thursday, November 23rd. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. ThyssenKrupp currently has an average rating of “Hold” and an average target price of €28.25 ($33.63).

Shares of ThyssenKrupp (FRA TKA) opened at €26.09 ($31.06) on Monday. The company has a market capitalization of $16,450.00 and a price-to-earnings ratio of 70.51. ThyssenKrupp has a fifty-two week low of €21.17 ($25.20) and a fifty-two week high of €27.01 ($32.15).

COPYRIGHT VIOLATION NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/01/29/credit-suisse-group-reiterates-32-00-price-target-for-thyssenkrupp-tka-2.html.

ThyssenKrupp Company Profile

thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The company’s Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. This segment’s 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.

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

Receive News & Ratings for ThyssenKrupp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThyssenKrupp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply