UBS Group set a €30.00 ($34.88) price target on ThyssenKrupp (FRA:TKA) in a research report sent to investors on Friday morning, www.boersen-zeitung.de reports. The firm currently has a buy rating on the basic materials company’s stock.
TKA has been the topic of a number of other reports. Citigroup set a €26.00 ($30.23) price target on ThyssenKrupp and gave the company a buy rating in a research note on Thursday, July 12th. Jefferies Financial Group set a €33.00 ($38.37) price target on ThyssenKrupp and gave the company a buy rating in a research note on Monday, July 16th. Commerzbank set a €30.00 ($34.88) price target on ThyssenKrupp and gave the company a buy rating in a research note on Monday, July 16th. JPMorgan Chase & Co. set a €25.50 ($29.65) price target on ThyssenKrupp and gave the company a neutral rating in a research note on Tuesday, July 17th. Finally, DZ Bank restated a neutral rating on shares of ThyssenKrupp in a research note on Tuesday, July 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of €26.55 ($30.87).
Shares of TKA stock traded down €1.73 ($2.01) during midday trading on Friday, hitting €17.33 ($20.15). The company had a trading volume of 14,333,765 shares. ThyssenKrupp has a 52-week low of €20.70 ($24.07) and a 52-week high of €27.01 ($31.41).
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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