Berenberg Bank Analysts Give ThyssenKrupp AG (TKA) a €28.50 Price Target

Berenberg Bank set a €28.50 ($31.32) target price on ThyssenKrupp AG (FRA:TKA) in a research note released on Friday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Commerzbank Ag set a €26.00 ($28.57) price objective on shares of ThyssenKrupp AG and gave the company a buy rating in a research note on Friday, January 27th. Baader Bank set a €25.00 ($27.47) price objective on shares of ThyssenKrupp AG and gave the company a buy rating in a research note on Friday, January 13th. Royal Bank of Canada set a €27.00 ($29.67) price objective on shares of ThyssenKrupp AG and gave the company a buy rating in a research note on Tuesday, January 31st. Jefferies Group LLC set a €30.00 ($32.97) price objective on shares of ThyssenKrupp AG and gave the company a buy rating in a research note on Tuesday, January 31st. Finally, BNP Paribas set a €25.50 ($28.02) price objective on shares of ThyssenKrupp AG and gave the company a buy rating in a research note on Friday, February 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of €25.37 ($27.88).

Analyst Recommendations for ThyssenKrupp AG (FRA:TKA)

ThyssenKrupp AG (FRA:TKA) opened at 23.10 on Friday. ThyssenKrupp AG has a 1-year low of €16.61 and a 1-year high of €24.65. The stock’s 50 day moving average is €22.28 and its 200 day moving average is €22.63. The company has a market cap of €13.07 billion and a P/E ratio of 39.97.

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ThyssenKrupp AG Company Profile

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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