JPMorgan Chase & Co. set a €22.20 ($24.67) price objective on ThyssenKrupp AG (FRA:TKA) in a research report sent to investors on Tuesday morning. The brokerage currently has a a buy rating on the stock.
Several other equities research analysts have also commented on the stock. Deutsche Bank AG reiterated a buy rating and set a price target on shares of ThyssenKrupp AG in a research note on Wednesday, August 17th. Morgan Stanley set a €23.50 ($26.11) price target on shares of ThyssenKrupp AG and gave the stock a buy rating in a research note on Wednesday, June 29th. Commerzbank AG set a €26.00 ($28.89) price target on shares of ThyssenKrupp AG and gave the stock a buy rating in a research note on Thursday, July 28th. Kepler Capital Markets set a €19.00 ($21.11) price target on shares of ThyssenKrupp AG and gave the stock a neutral rating in a research note on Tuesday, July 5th. Finally, Baader Bank set a €25.00 ($27.78) price target on shares of ThyssenKrupp AG and gave the stock a buy rating in a research note on Monday, July 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company’s stock. ThyssenKrupp AG presently has an average rating of Buy and an average target price of €22.77 ($25.29).
Shares of ThyssenKrupp AG (FRA:TKA) opened at 21.246 on Tuesday. ThyssenKrupp AG has a 1-year low of €12.62 and a 1-year high of €22.36. The stock’s 50 day moving average is €21.17 and its 200 day moving average is €19.59. The stock has a market capitalization of €12.02 billion and a price-to-earnings ratio of 66.811.
About ThyssenKrupp AG
ThyssenKrupp AG is a Germany-based technology holding company operating through eight business segments. Steel Europe segment, which produces carbon steel flat products. Steel Americas, engaged in production, processing and marketing of high-grade carbon steels. Stainless Global segment is engaged in production of stainless steel products and materials.
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