HSBC upgraded shares of ThyssenKrupp AG (FRA: TKA) to an overweight rating in a research note issued to investors on Thursday, Stock Ratings Network reports. The firm currently has €19.20 ($24.94) price target on the stock.
ThyssenKrupp AG (FRA: TKA) opened at 15.452 on Thursday. ThyssenKrupp AG has a 52-week low of €11.459 and a 52-week high of €19.25. The stock’s 50-day moving average is currently €17.16.
A number of other analysts have also recently weighed in on TKA. Analysts at Societe Generale upgraded shares of ThyssenKrupp AG to a buy rating in a research note to investors on Thursday, May 16th. They now have a €20.50 ($26.62) price target on the stock. Finally, analysts at Bankhaus Metzler reiterated a sell rating on shares of ThyssenKrupp AG in a research note to investors on Tuesday, May 14th. They now have a €14.00 ($18.18) price target on the stock.
Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of €18.37 ($23.86).
ThyssenKrupp AG is a Germany-based technology holding company operating through eight business segments.
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