ThyssenKrupp AG (TKA) PT Set at €27.00 by Nord/LB
ThyssenKrupp AG (FRA:TKA) has been assigned a €27.00 ($28.72) price target by investment analysts at Nord/LB in a note issued to investors on Friday. The brokerage presently has a “buy” rating on the stock.
TKA has been the subject of a number of other reports. Credit Suisse Group set a €30.00 ($31.91) price target on ThyssenKrupp AG and gave the company a “buy” rating in a report on Friday, October 28th. Bank of America Corporation reissued a “neutral” rating on shares of ThyssenKrupp AG in a report on Tuesday, January 24th. J P Morgan Chase & Co reissued a “buy” rating on shares of ThyssenKrupp AG in a report on Thursday, November 17th. Berenberg Bank set a €27.50 ($29.26) price target on ThyssenKrupp AG and gave the company a “buy” rating in a report on Wednesday, October 26th. Finally, Jefferies Group LLC set a €26.00 ($27.66) price target on ThyssenKrupp AG and gave the company a “buy” rating in a report on Tuesday, October 25th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €24.72 ($26.30).
ThyssenKrupp AG (FRA:TKA) opened at 22.79 on Friday. The company has a market capitalization of €12.90 billion and a P/E ratio of 39.43. ThyssenKrupp AG has a 52-week low of €14.50 and a 52-week high of €24.57. The stock’s 50 day moving average price is €23.37 and its 200-day moving average price is €22.00.
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About ThyssenKrupp AG
ThyssenKrupp AG is a Germany-based technology holding company operating through eight business segments. Steel Europe segment, which produces carbon steel flat products. Steel Americas, engaged in production, processing and marketing of high-grade carbon steels. Stainless Global segment is engaged in production of stainless steel products and materials.
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