ThyssenKrupp (FRA:TKA) has been given a €12.20 ($14.19) price target by equities researchers at HSBC in a research note issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. HSBC’s price target would indicate a potential downside of 0.57% from the company’s previous close.
Several other equities analysts have also issued reports on the company. JPMorgan Chase & Co. set a €13.00 ($15.12) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Thursday, April 25th. Jefferies Financial Group set a €20.00 ($23.26) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Tuesday, April 23rd. Kepler Capital Markets set a €22.00 ($25.58) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Monday, April 15th. DZ Bank reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, March 14th. Finally, Barclays set a €14.50 ($16.86) target price on ThyssenKrupp and gave the company a “sell” rating in a report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. ThyssenKrupp currently has an average rating of “Buy” and an average price target of €21.38 ($24.86).
Shares of TKA stock traded down €0.12 ($0.14) during trading on Friday, hitting €12.27 ($14.27). The company’s stock had a trading volume of 4,793,521 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 components technology, elevator technology, industrial solutions, and materials services in Germany, the United States, and China. The company's Components Technology segment provides various components for automotive, construction, and engineering sectors, as well as for wind turbines.
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