Royal Bank Of Canada set a €33.00 ($38.82) price objective on ThyssenKrupp AG (FRA:TKA) in a report released on Tuesday morning. The brokerage currently has a buy rating on the basic materials company’s stock.
A number of other research firms also recently issued reports on TKA. Jefferies Group LLC set a €32.00 ($37.65) price target on ThyssenKrupp AG and gave the company a buy rating in a research note on Tuesday, July 18th. Berenberg Bank set a €28.50 ($33.53) price target on ThyssenKrupp AG and gave the company a buy rating in a research note on Monday, July 17th. Commerzbank Ag set a €29.00 ($34.12) price target on ThyssenKrupp AG and gave the company a buy rating in a research note on Friday, July 14th. Barclays PLC set a €21.00 ($24.71) price target on ThyssenKrupp AG and gave the company a neutral rating in a research note on Friday, July 14th. Finally, Independent Research GmbH set a €27.00 ($31.76) price objective on ThyssenKrupp AG and gave the company a neutral rating in a research note on Thursday, July 13th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of €27.61 ($32.48).
Shares of ThyssenKrupp AG (TKA) opened at 23.348 on Tuesday. The firm’s 50-day moving average is €24.80 and its 200 day moving average is €24.32. The stock’s market capitalization is €13.21 billion. ThyssenKrupp AG has a 12-month low of €19.40 and a 12-month high of €27.01.
About ThyssenKrupp AG
ThyssenKrupp AG is a Germany-based technology holding company operating through eight business segments. Steel Europe segment, which produces carbon steel flat products. Steel Americas, engaged in production, processing and marketing of high-grade carbon steels. Stainless Global segment is engaged in production of stainless steel products and materials.
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