Baader Bank set a €16.00 ($18.18) target price on thyssenkrupp (FRA:TKA) in a research report sent to investors on Monday morning, Borsen Zeitung reports.
Several other research firms also recently issued reports on TKA. Kepler Capital Markets set a €11.00 ($12.50) price objective on thyssenkrupp in a research note on Friday, August 13th. Deutsche Bank Aktiengesellschaft set a €17.00 ($19.32) price objective on thyssenkrupp in a research note on Thursday, August 12th. Credit Suisse Group set a €15.70 ($17.84) price objective on thyssenkrupp in a research note on Friday, August 13th. Barclays set a €8.80 ($10.00) price objective on thyssenkrupp in a research note on Monday. Finally, Nord/LB set a €12.00 ($13.64) price objective on thyssenkrupp in a research note on Tuesday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, thyssenkrupp currently has an average rating of Buy and a consensus price target of €12.38 ($14.07).
TKA stock opened at €10.67 ($12.12) on Monday. The firm has a 50-day moving average price of €9.12 and a 200-day moving average price of €9.08. thyssenkrupp has a 12 month low of €20.70 ($23.52) and a 12 month high of €27.01 ($30.69).
thyssenkrupp AG operates in the areas of automotive technology, industrial components, plant technology, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems and automated production systems for the automotive industry.
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