UBS Group set a €30.00 ($34.88) price objective on ThyssenKrupp (FRA:TKA) in a research report sent to investors on Friday morning, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the basic materials company’s stock.
Several other brokerages have also weighed in on TKA. Independent Research set a €22.00 ($25.58) target price on ThyssenKrupp and gave the stock a neutral rating in a research report on Thursday, September 13th. Jefferies Financial Group set a €33.00 ($38.37) price target on ThyssenKrupp and gave the stock a buy rating in a research report on Thursday, August 9th. JPMorgan Chase & Co. set a €25.50 ($29.65) price target on ThyssenKrupp and gave the stock a neutral rating in a research report on Tuesday, July 17th. Commerzbank set a €30.00 ($34.88) price target on ThyssenKrupp and gave the stock a buy rating in a research report on Thursday, August 23rd. Finally, Kepler Capital Markets set a €26.00 ($30.23) price target on ThyssenKrupp and gave the stock a buy rating in a research report on Tuesday, July 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. ThyssenKrupp currently has a consensus rating of Buy and a consensus target price of €26.55 ($30.87).
Shares of FRA TKA traded down €1.73 ($2.01) during midday trading on Friday, hitting €17.33 ($20.15). 14,333,765 shares of the company’s stock were exchanged. ThyssenKrupp has a twelve month low of €20.70 ($24.07) and a twelve month high of €27.01 ($31.41).
thyssenkrupp AG operates in the areas of mechanical, plant, and materials technologies in Germany and internationally. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines. Its Elevator Technology segment is involved in the construction, modernization, and servicing of elevators, escalators, moving walks, and stairs and platform lifts, as well as passenger boarding bridges.
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