Nord/LB Reiterates “€30.00” Price Target for ThyssenKrupp (TKA)

ThyssenKrupp (FRA:TKA) received a €30.00 ($37.04) price target from equities researchers at Nord/LB in a research note issued on Tuesday, January 30th. The firm presently has a “buy” rating on the basic materials company’s stock. Nord/LB’s price target would indicate a potential upside of 30.78% from the stock’s current price.

Several other analysts have also recently commented on TKA. Morgan Stanley set a €27.70 ($34.20) price target on ThyssenKrupp and gave the stock a “neutral” rating in a research report on Monday, October 2nd. Barclays set a €21.00 ($25.93) price target on ThyssenKrupp and gave the stock a “sell” rating in a research report on Tuesday, October 3rd. Baader Bank set a €25.00 ($30.86) price target on ThyssenKrupp and gave the stock a “neutral” rating in a research report on Friday, October 6th. Commerzbank set a €32.00 ($39.51) price target on ThyssenKrupp and gave the stock a “buy” rating in a research report on Monday, October 9th. Finally, Credit Suisse Group set a €33.00 ($40.74) price target on ThyssenKrupp and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the stock. ThyssenKrupp presently has an average rating of “Buy” and an average target price of €28.64 ($35.36).

Shares of ThyssenKrupp (FRA:TKA) traded down €0.16 ($0.20) during mid-day trading on Tuesday, hitting €22.94 ($28.32). The stock had a trading volume of 4,765,885 shares. The firm has a market cap of $14,240.00 and a P/E ratio of 62.00. ThyssenKrupp has a twelve month low of €21.17 ($26.14) and a twelve month high of €27.01 ($33.35).

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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. Its Elevator Technology segment is involved in the construction, modernization, and servicing of elevators, escalators, moving walks, and stairs and platform lifts, as well as passenger boarding bridges.

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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