ThyssenKrupp AG (TKA) Receives €24.42 Consensus Price Target from Brokerages

ThyssenKrupp AG (FRA:TKA) has been given a consensus rating of “Buy” by the sixteen brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is €24.05 ($27.97).

Several research analysts have weighed in on the company. Societe Generale set a €27.40 ($31.86) target price on ThyssenKrupp and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Baader Bank set a €25.00 ($29.07) target price on ThyssenKrupp and gave the company a “neutral” rating in a research note on Wednesday, October 31st. Jefferies Financial Group set a €33.00 ($38.37) target price on ThyssenKrupp and gave the company a “buy” rating in a research note on Thursday, September 27th. HSBC set a €27.00 ($31.40) target price on ThyssenKrupp and gave the company a “buy” rating in a research note on Friday, September 28th. Finally, Barclays set a €20.00 ($23.26) target price on ThyssenKrupp and gave the company a “sell” rating in a research note on Friday, September 28th.

FRA:TKA traded down €0.06 ($0.07) during mid-day trading on Monday, reaching €15.92 ($18.51). 2,688,533 shares of the stock were exchanged. ThyssenKrupp has a 1 year low of €20.70 ($24.07) and a 1 year high of €27.01 ($31.41).

About ThyssenKrupp

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.

Featured Story: Consumer Price Index (CPI)

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