Independent Research Reiterates “€6.60” Price Target for ThyssenKrupp (FRA:TKA)

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Independent Research set a €6.60 ($7.76) target price on ThyssenKrupp (FRA:TKA) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other research analysts also recently weighed in on TKA. Jefferies Financial Group set a €10.00 ($11.76) price objective on shares of ThyssenKrupp and gave the stock a buy rating in a report on Thursday, August 13th. DZ Bank restated a sell rating on shares of ThyssenKrupp in a report on Thursday, August 13th. Baader Bank set a €7.50 ($8.82) target price on shares of ThyssenKrupp and gave the company a buy rating in a report on Thursday, August 13th. Barclays set a €10.00 ($11.76) target price on shares of ThyssenKrupp and gave the company a neutral rating in a report on Tuesday, May 19th. Finally, Kepler Capital Markets set a €5.00 ($5.88) target price on shares of ThyssenKrupp and gave the company a sell rating in a report on Thursday, August 13th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. ThyssenKrupp presently has an average rating of Hold and a consensus price target of €8.55 ($10.05).

TKA opened at €6.11 ($7.18) on Monday. The company’s fifty day moving average price is €6.69 and its two-hundred day moving average price is €6.82. ThyssenKrupp has a 1-year low of €20.70 ($24.35) and a 1-year high of €27.01 ($31.78).

About ThyssenKrupp

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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Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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