ThyssenKrupp (TKA) Given a €32.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a €32.00 ($38.10) price objective on ThyssenKrupp (FRA:TKA) in a report issued on Monday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on TKA. Berenberg Bank set a €28.50 ($33.93) price objective on ThyssenKrupp and gave the company a buy rating in a research note on Thursday, August 10th. Baader Bank set a €25.00 ($29.76) price objective on ThyssenKrupp and gave the company a neutral rating in a research note on Thursday, August 10th. Commerzbank set a €29.00 ($34.52) price objective on ThyssenKrupp and gave the company a buy rating in a research note on Thursday, August 10th. Independent Research set a €27.00 ($32.14) price objective on ThyssenKrupp and gave the company a neutral rating in a research note on Thursday, August 10th. Finally, UBS set a €20.50 ($24.40) price objective on ThyssenKrupp and gave the company a sell rating in a research note on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of €27.85 ($33.15).

Shares of ThyssenKrupp (TKA) traded down €0.18 ($0.21) during trading on Monday, reaching €22.69 ($27.01). The company had a trading volume of 1,365,221 shares. ThyssenKrupp has a 1-year low of €20.99 ($24.99) and a 1-year high of €27.01 ($32.15).

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About ThyssenKrupp

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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