Barclays set a €20.00 ($24.69) price objective on ThyssenKrupp (FRA:TKA) in a research report sent to investors on Thursday morning. The brokerage currently has a sell rating on the basic materials company’s stock.
A number of other equities analysts also recently weighed in on the stock. Credit Suisse Group set a €34.00 ($41.98) target price on shares of ThyssenKrupp and gave the company a buy rating in a research note on Wednesday. Nord/LB set a €30.00 ($37.04) price target on shares of ThyssenKrupp and gave the company a buy rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. set a €26.50 ($32.72) price target on shares of ThyssenKrupp and gave the company a neutral rating in a report on Friday, January 26th. Commerzbank set a €32.00 ($39.51) price target on shares of ThyssenKrupp and gave the company a buy rating in a report on Thursday, January 25th. Finally, Baader Bank set a €25.00 ($30.86) price target on shares of ThyssenKrupp and gave the company a neutral rating in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. ThyssenKrupp currently has an average rating of Hold and a consensus price target of €28.64 ($35.36).
Shares of ThyssenKrupp (FRA:TKA) traded down €0.20 ($0.25) during midday trading on Thursday, hitting €23.05 ($28.46). 2,617,618 shares of the company’s stock were exchanged. 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 $14,770.00 and a P/E ratio of 62.30.
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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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