Independent Research set a €12.60 ($14.65) price target on ThyssenKrupp (FRA:TKA) in a research report released on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.
A number of other equities analysts have also commented on TKA. Morgan Stanley set a €11.40 ($13.26) price objective on shares of ThyssenKrupp and gave the company a neutral rating in a research report on Tuesday, September 3rd. Nord/LB set a €11.00 ($12.79) price objective on shares of ThyssenKrupp and gave the company a neutral rating in a research report on Thursday, August 8th. Kepler Capital Markets set a €16.00 ($18.60) price objective on shares of ThyssenKrupp and gave the company a buy rating in a research report on Friday, August 23rd. DZ Bank restated a neutral rating on shares of ThyssenKrupp in a research report on Thursday, August 15th. Finally, Baader Bank set a €13.00 ($15.12) price objective on shares of ThyssenKrupp and gave the company a neutral rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of €15.33 ($17.83).
TKA stock opened at €12.85 ($14.94) on Monday. The firm has a 50 day moving average of €10.89 and a 200-day moving average of €12.05. ThyssenKrupp has a 12 month low of €20.70 ($24.07) and a 12 month high of €27.01 ($31.41).
thyssenkrupp AG operates in the areas of components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.
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