Commerzbank set a €26.00 ($30.23) price target on ThyssenKrupp (FRA:TKA) in a research note released on Wednesday. The firm currently has a buy rating on the basic materials company’s stock.

TKA has been the subject of a number of other reports. Societe Generale set a €27.40 ($31.86) price target on ThyssenKrupp and gave the company a buy rating in a research note on Tuesday, October 2nd. Baader Bank set a €25.00 ($29.07) price target on ThyssenKrupp and gave the company a neutral rating in a research note on Wednesday, October 31st. Jefferies Financial Group set a €33.00 ($38.37) price target on ThyssenKrupp and gave the company a buy rating in a research note on Thursday, September 27th. UBS Group set a €30.00 ($34.88) price target on ThyssenKrupp and gave the company a buy rating in a research note on Thursday, August 9th. Finally, HSBC set a €27.00 ($31.40) price target on ThyssenKrupp and gave the company a buy rating in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. ThyssenKrupp presently has a consensus rating of Buy and an average price target of €25.22 ($29.32).

ThyssenKrupp stock opened at €16.32 ($18.97) on Wednesday. ThyssenKrupp has a one year low of €20.70 ($24.07) and a one year high of €27.01 ($31.41).

About ThyssenKrupp

thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. Its Elevator Technology segment is involved in the construction, modernization, and servicing of elevators, escalators, moving walks, and stairs and platform lifts, as well as passenger boarding bridges.

Further Reading: Systematic Risk and Investors

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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