ThyssenKrupp (FRA:TKA) has been assigned a €32.00 ($38.10) price target by Credit Suisse Group in a research note issued on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Credit Suisse Group’s price objective points to a potential upside of 40.41% from the company’s current price.
Several other research firms have also recently issued reports on TKA. Royal Bank Of Canada set a €32.00 ($38.10) target price on ThyssenKrupp and gave the stock a “buy” rating in a research report on Friday, November 3rd. BNP Paribas set a €32.00 ($38.10) target price on ThyssenKrupp and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Societe Generale set a €30.80 ($36.67) target price on ThyssenKrupp and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Citigroup reiterated a “neutral” rating on shares of ThyssenKrupp in a research report on Wednesday, November 29th. Finally, Kepler Capital Markets set a €21.00 ($25.00) target price on ThyssenKrupp and gave the stock a “sell” rating in a research report on Friday, November 24th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of €27.85 ($33.15).
Shares of ThyssenKrupp (TKA) opened at €22.79 ($27.13) on Monday. ThyssenKrupp has a 1 year low of €20.99 ($24.99) and a 1 year 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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