ThyssenKrupp (TKA) PT Set at €32.00 by Commerzbank
ThyssenKrupp (FRA:TKA) has been assigned a €32.00 ($38.10) target price by investment analysts at Commerzbank in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Commerzbank’s price objective points to a potential upside of 36.81% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Deutsche Bank reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, August 17th. Royal Bank of Canada set a €29.00 ($34.52) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Tuesday, August 15th. DZ Bank reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Monday, August 14th. Nord/LB set a €30.00 ($35.71) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Warburg Research set a €32.00 ($38.10) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. ThyssenKrupp presently has an average rating of “Hold” and an average target price of €27.89 ($33.20).
Shares of ThyssenKrupp (FRA TKA) opened at €23.39 ($27.85) on Monday. ThyssenKrupp has a 1-year low of €21.17 ($25.20) and a 1-year high of €27.01 ($32.15).
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ThyssenKrupp Company Profile
thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The companys Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. This segments products include assembled camshafts, powertrain crankshafts, steering and damping systems, net-machined crankshafts, engine components, steering columns and shafts, steering gears, slewing bearings, crawlers, crawler components, and springs and stabilizers, as well as cylinder head modules with integrated camshafts.
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