ThyssenKrupp AG (TKA) Given a €28.50 Price Target at Berenberg Bank

ThyssenKrupp AG (FRA:TKA) received a €28.50 ($32.02) target price from equities research analysts at Berenberg Bank in a research note issued to investors on Friday, May 12th. The brokerage currently has a “buy” rating on the basic materials company’s stock.

Several other brokerages have also commented on TKA. Baader Bank set a €25.00 ($28.09) price target on shares of ThyssenKrupp AG and gave the stock a “neutral” rating in a report on Friday, May 12th. Commerzbank Ag set a €29.00 ($32.58) target price on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Friday, May 12th. Societe Generale set a €26.70 ($30.00) target price on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Thursday, May 11th. HSBC Holdings plc set a €25.00 ($28.09) target price on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, Deutsche Bank AG set a €30.00 ($33.71) target price on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research note on Monday, May 8th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of €25.49 ($28.64).

Analyst Recommendations for ThyssenKrupp AG (FRA:TKA)

ThyssenKrupp AG (TKA) traded up 1.037% on Friday, reaching €23.585. 2,044 shares of the company traded hands. ThyssenKrupp AG has a 1-year low of €16.61 and a 1-year high of €24.65. The stock’s market capitalization is €13.35 billion. The stock’s 50-day moving average is €23.01 and its 200-day moving average is €22.99.

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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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