ThyssenKrupp (FRA:TKA) received a €13.00 ($15.12) target price from Macquarie in a research report issued on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the basic materials company’s stock. Macquarie’s price objective indicates a potential upside of 13.24% from the company’s current price.
TKA has been the topic of a number of other reports. Kepler Capital Markets set a €43.00 ($50.00) target price on United Internet and gave the company a “buy” rating in a research note on Monday, May 20th. HSBC reiterated a “hold” rating and issued a $155.00 target price on shares of Continental in a research note on Friday, May 3rd. Jefferies Financial Group raised their target price on 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. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Cisco Systems in a research note on Thursday, May 16th. Finally, Nord/LB set a €12.50 ($14.53) target price on ThyssenKrupp and gave the company a “neutral” rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of €18.88 ($21.96).
TKA stock traded down €0.11 ($0.13) during mid-day trading on Tuesday, reaching €11.48 ($13.35). The company had a trading volume of 6,333,723 shares. ThyssenKrupp has a one year low of €20.70 ($24.07) and a one year high of €27.01 ($31.41). The business has a 50-day moving average price of €12.04.
ThyssenKrupp Company Profile
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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