ThyssenKrupp (FRA:TKA) has been given a €28.00 ($32.56) price target by analysts at UBS Group in a report released on Tuesday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. UBS Group’s price objective points to a potential upside of 95.46% from the company’s current price.
A number of other brokerages have also weighed in on TKA. Jefferies Financial Group set a €32.00 ($37.21) target price on shares of ThyssenKrupp and gave the stock a “buy” rating in a research report on Monday, October 15th. Commerzbank set a €30.00 ($34.88) target price on shares of ThyssenKrupp and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Barclays reiterated a “sell” rating on shares of ThyssenKrupp in a research report on Wednesday, November 7th. Kepler Capital Markets set a €35.00 ($40.70) target price on shares of ThyssenKrupp and gave the stock a “buy” rating in a research report on Thursday, November 8th. Finally, JPMorgan Chase & Co. set a €22.50 ($26.16) price target on shares of ThyssenKrupp and gave the stock a “neutral” rating in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of €23.01 ($26.76).
Shares of FRA:TKA opened at €14.33 ($16.66) on Tuesday. ThyssenKrupp has a twelve month low of €20.70 ($24.07) and a twelve 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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