ThyssenKrupp (TKA) PT Set at €30.00 by Commerzbank

ThyssenKrupp (FRA:TKA) received a €30.00 ($34.88) price objective from stock analysts at Commerzbank in a report released on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Commerzbank’s target price would indicate a potential upside of 57.69% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group set a €33.00 ($38.37) price target on shares of ThyssenKrupp and gave the company a “buy” rating in a research report on Monday, July 9th. UBS Group set a €30.00 ($34.88) price objective on shares of ThyssenKrupp and gave the company a “buy” rating in a research note on Friday, July 20th. Kepler Capital Markets set a €26.00 ($30.23) price objective on shares of ThyssenKrupp and gave the company a “buy” rating in a research note on Tuesday, July 17th. Citigroup set a €26.00 ($30.23) price objective on shares of ThyssenKrupp and gave the company a “buy” rating in a research note on Thursday, July 12th. Finally, Credit Suisse Group set a €28.00 ($32.56) price objective on shares of ThyssenKrupp and gave the company a “buy” rating in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. ThyssenKrupp currently has a consensus rating of “Buy” and a consensus price target of €27.15 ($31.56).

Shares of FRA TKA opened at €19.03 ($22.12) on Tuesday. ThyssenKrupp has a 52-week low of €20.70 ($24.07) and a 52-week high of €27.01 ($31.41).

ThyssenKrupp Company Profile

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.

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Analyst Recommendations for ThyssenKrupp (FRA:TKA)

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