Independent Research GmbH Reiterates €25.00 Price Target for ThyssenKrupp AG (TKA)

ThyssenKrupp AG (FRA:TKA) has been assigned a €25.00 ($28.09) price objective by stock analysts at Independent Research GmbH in a note issued to investors on Friday, May 12th. The brokerage currently has a “neutral” rating on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the stock. Berenberg Bank set a €28.50 ($32.02) price objective on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Friday, May 12th. Baader Bank set a €25.00 ($28.09) price objective on shares of ThyssenKrupp AG and gave the stock a “neutral” rating in a research report on Friday, May 12th. Commerzbank Ag set a €29.00 ($32.58) price objective on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Friday, May 12th. Societe Generale set a €26.70 ($30.00) price objective on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, HSBC Holdings plc set a €25.00 ($28.09) price objective on shares of ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Thursday, May 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €25.49 ($28.64).

Analyst Recommendations for ThyssenKrupp AG (FRA:TKA)

ThyssenKrupp AG (FRA:TKA) traded up 1.037% during mid-day trading on Friday, reaching €23.585. 2,044 shares of the company traded hands. The stock has a 50-day moving average of €23.01 and a 200 day moving average of €22.99. The stock’s market capitalization is €13.35 billion. ThyssenKrupp AG has a 52-week low of €16.61 and a 52-week high of €24.65.

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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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