ThyssenKrupp (FRA:TKA) has been given a €26.00 ($32.10) price target by stock analysts at Independent Research in a research note issued to investors on Wednesday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. Independent Research’s target price would indicate a potential upside of 14.14% from the stock’s current price.
Other analysts have also issued research reports about the company. JPMorgan Chase & Co. set a €26.50 ($32.72) price objective on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday. UBS Group set a €24.00 ($29.63) price objective on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday. Commerzbank set a €32.00 ($39.51) price objective on ThyssenKrupp and gave the stock a “buy” rating in a report on Wednesday. Barclays set a €20.00 ($24.69) price objective on ThyssenKrupp and gave the stock a “sell” rating in a report on Wednesday. Finally, Jefferies Group set a €38.00 ($46.91) price target on ThyssenKrupp and gave the company a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. ThyssenKrupp presently has an average rating of “Buy” and an average target price of €28.64 ($35.36).
Shares of ThyssenKrupp (FRA:TKA) opened at €22.78 ($28.12) on Wednesday. ThyssenKrupp has a fifty-two week low of €21.17 ($26.14) and a fifty-two week high of €27.01 ($33.35). The company has a market capitalization of $14,420.00 and a price-to-earnings ratio of 61.57.
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. Its Elevator Technology segment is involved in the construction, modernization, and servicing of elevators, escalators, moving walks, and stairs and platform lifts, as well as passenger boarding bridges.
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