ThyssenKrupp (FRA:TKA) received a €25.00 ($29.76) price target from J P Morgan Chase & Co in a research note issued on Friday. The brokerage presently has a “neutral” rating on the basic materials company’s stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 4.65% from the company’s current price.
Several other brokerages have also commented on TKA. Baader Bank set a €25.00 ($29.76) price target on ThyssenKrupp and gave the company a “neutral” rating in a research note on Friday. Credit Suisse Group restated a “buy” rating and set a price target on shares of ThyssenKrupp in a research note on Thursday. Independent Research set a €27.00 ($32.14) price target on ThyssenKrupp and gave the company a “neutral” rating in a research note on Friday. Jefferies Group restated a “buy” rating on shares of ThyssenKrupp in a research note on Monday. Finally, Royal Bank of Canada set a €32.00 ($38.10) price target on ThyssenKrupp and gave the company a “buy” rating in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of €27.93 ($33.26).
ThyssenKrupp (FRA TKA) traded down €0.27 ($0.32) during mid-day trading on Friday, reaching €23.89 ($28.44). The company’s stock had a trading volume of 1,077,491 shares. ThyssenKrupp has a twelve month low of €21.17 ($25.20) and a twelve month high of €27.01 ($32.15).
ThyssenKrupp Company Profile
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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