J P Morgan Chase & Co set a €25.00 ($29.76) price objective on ThyssenKrupp (FRA:TKA) in a research note released on Friday morning. The firm currently has a neutral rating on the basic materials company’s stock.
A number of other research firms have also recently weighed in on TKA. Royal Bank Of Canada set a €29.00 ($34.52) price target on ThyssenKrupp and gave the stock a buy rating in a report on Tuesday, August 15th. Commerzbank set a €32.00 ($38.10) price target on ThyssenKrupp and gave the stock a buy rating in a report on Thursday, November 23rd. Independent Research set a €28.00 ($33.33) price target on ThyssenKrupp and gave the stock a neutral rating in a report on Tuesday, September 26th. Credit Suisse Group set a €34.30 ($40.83) price target on ThyssenKrupp and gave the stock a buy rating in a report on Wednesday, August 9th. Finally, Barclays set a €21.00 ($25.00) price target on ThyssenKrupp and gave the stock a sell rating in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of €27.85 ($33.15).
ThyssenKrupp (FRA TKA) opened at €22.86 ($27.21) on Friday. ThyssenKrupp has a twelve month low of €20.99 ($24.99) and a twelve month high of €27.01 ($32.15).
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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