HSBC set a €11.20 ($13.02) price objective on ThyssenKrupp (FRA:TKA) in a research report report published on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
A number of other analysts have also recently weighed in on TKA. Macquarie reissued a neutral rating on shares of Glencore in a research note on Tuesday, July 9th. Independent Research set a €13.00 ($15.12) target price on shares of ThyssenKrupp and gave the company a neutral rating in a research note on Wednesday, July 3rd. Nord/LB set a €12.50 ($14.53) target price on shares of ThyssenKrupp and gave the company a neutral rating in a research note on Thursday, June 20th. Baader Bank set a €230.00 ($267.44) target price on shares of Wirecard and gave the company a buy rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group upped their target price on shares of Linde from $205.00 to $216.00 and gave the company a buy rating in a research note on Tuesday, May 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €18.28 ($21.26).
FRA TKA opened at €11.33 ($13.17) on Tuesday. The company has a 50-day simple moving average of €11.93. 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 components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.
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