Nord/LB Reiterates “€30.00” Price Target for ThyssenKrupp (FRA:TKA)
ThyssenKrupp (FRA:TKA) received a €30.00 ($37.04) target price from Nord/LB in a report released on Friday, February 16th. The firm currently has a “buy” rating on the basic materials company’s stock. Nord/LB’s price target indicates a potential upside of 38.95% from the company’s previous close.
Other analysts also recently issued reports about the company. Independent Research set a €27.00 ($33.33) price target on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. UBS Group set a €25.00 ($30.86) target price on ThyssenKrupp and gave the company a “neutral” rating in a research note on Friday, October 20th. Baader Bank set a €25.00 ($30.86) target price on ThyssenKrupp and gave the company a “neutral” rating in a research note on Friday, November 24th. Credit Suisse Group set a €32.00 ($39.51) target price on ThyssenKrupp and gave the company a “buy” rating in a research note on Wednesday, December 27th. Finally, Commerzbank set a €32.00 ($39.51) target price on ThyssenKrupp and gave the company a “buy” rating in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of €28.23 ($34.85).
Shares of ThyssenKrupp (FRA:TKA) traded up €0.21 ($0.26) during trading hours on Friday, reaching €21.59 ($26.65). The company had a trading volume of 2,229,364 shares. The company has a market cap of $13,480.00 and a price-to-earnings ratio of 41.52. ThyssenKrupp has a twelve month low of €20.70 ($25.56) and a twelve month high of €27.01 ($33.35).
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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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