ThyssenKrupp (FRA:TKA) received a €29.60 ($36.54) target price from equities researchers at Societe Generale in a note issued to investors on Wednesday, March 7th. The firm presently has a “buy” rating on the basic materials company’s stock. Societe Generale’s price objective suggests a potential upside of 36.28% from the stock’s previous close.
Several other equities analysts have also recently issued reports on TKA. Barclays set a €21.00 ($25.93) target price on ThyssenKrupp and gave the stock a “sell” rating in a research report on Thursday, November 9th. Kepler Capital Markets set a €21.00 ($25.93) target price on ThyssenKrupp and gave the stock a “sell” rating in a research report on Wednesday, November 15th. JPMorgan Chase & Co. set a €27.00 ($33.33) price target on ThyssenKrupp and gave the stock a “neutral” rating in a report on Wednesday, November 15th. DZ Bank restated a “buy” rating on shares of ThyssenKrupp in a report on Thursday, November 16th. Finally, Royal Bank of Canada set a €32.00 ($39.51) price target on ThyssenKrupp and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of €28.23 ($34.85).
Shares of ThyssenKrupp (TKA) opened at €21.80 ($26.91) on Wednesday. ThyssenKrupp has a 1-year low of €20.70 ($25.56) and a 1-year high of €27.01 ($33.35). The company has a market capitalization of $13,490.00 and a PE ratio of 41.92.
COPYRIGHT VIOLATION NOTICE: This story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another site, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2018/03/15/thyssenkrupp-tka-given-a-29-60-price-target-by-societe-generale-analysts.html.
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.
Receive News & Ratings for ThyssenKrupp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThyssenKrupp and related companies with MarketBeat.com's FREE daily email newsletter.