HSBC Analysts Give ThyssenKrupp (FRA:TKA) a €11.20 Price Target

Share on StockTwits

HSBC set a €11.20 ($13.02) price objective on ThyssenKrupp (FRA:TKA) in a research report released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts also recently issued reports on the stock. DZ Bank reaffirmed a neutral rating on shares of ThyssenKrupp in a research note on Thursday. Barclays set a €12.00 ($13.95) price target on shares of ThyssenKrupp and gave the company a sell rating in a research note on Thursday, August 8th. Independent Research set a €11.20 ($13.02) price target on shares of ThyssenKrupp and gave the company a neutral rating in a research note on Thursday, August 8th. Jefferies Financial Group set a €16.50 ($19.19) price target on shares of ThyssenKrupp and gave the company a buy rating in a research note on Thursday, August 8th. Finally, Baader Bank set a €13.00 ($15.12) price target on shares of ThyssenKrupp and gave the company a neutral rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of €16.25 ($18.90).

Shares of FRA:TKA opened at €9.52 ($11.07) on Thursday. The firm has a 50 day simple moving average of €11.39 and a 200 day simple moving average of €12.46. ThyssenKrupp has a one year low of €20.70 ($24.07) and a one year high of €27.01 ($31.41).

ThyssenKrupp Company Profile

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.

Featured Story: Catch-Up Contributions

Analyst Recommendations for ThyssenKrupp (FRA:TKA)

Receive News & Ratings for ThyssenKrupp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThyssenKrupp and related companies with MarketBeat.com's FREE daily email newsletter.