Independent Research Reiterates “€26.00” Price Target for ThyssenKrupp (FRA:TKA)

ThyssenKrupp (FRA:TKA) has been given a €26.00 ($30.95) price target by research analysts at Independent Research in a note issued to investors on Monday, December 11th. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Independent Research’s price objective would suggest a potential upside of 8.24% from the company’s current price.

A number of other analysts have also recently weighed in on TKA. DZ Bank reissued a “buy” rating on shares of ThyssenKrupp in a research note on Monday, August 14th. Royal Bank of Canada set a €29.00 ($34.52) price target on shares of ThyssenKrupp and gave the company a “buy” rating in a research report on Tuesday, August 15th. Deutsche Bank restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, August 17th. Kepler Capital Markets set a €26.00 ($30.95) price target on shares of ThyssenKrupp and gave the company a “neutral” rating in a research report on Thursday, August 17th. Finally, Nord/LB set a €30.00 ($35.71) target price on shares of ThyssenKrupp and gave the stock a “buy” rating in a research report on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. ThyssenKrupp presently has an average rating of “Hold” and a consensus target price of €27.93 ($33.26).

ThyssenKrupp (TKA) traded down €0.03 ($0.04) during trading hours on Monday, hitting €24.02 ($28.60). 8,137 shares of the stock traded hands. The company has a market cap of $15,050.00 and a P/E ratio of 64.92. ThyssenKrupp has a one year low of €21.17 ($25.20) and a one year high of €27.01 ($32.15).

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ThyssenKrupp Company Profile

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. This segment’s 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.

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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