ThyssenKrupp AG (FRA:TKA) Receives Average Recommendation of “Hold” from Brokerages
Shares of ThyssenKrupp AG (FRA:TKA) have been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is €8.00 ($9.41).
Several equities research analysts have recently commented on TKA shares. Credit Suisse Group set a €10.00 ($11.76) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. set a €5.10 ($6.00) target price on ThyssenKrupp and gave the company a “sell” rating in a report on Monday, August 17th. Deutsche Bank set a €7.00 ($8.24) target price on ThyssenKrupp and gave the company a “neutral” rating in a report on Monday, August 24th. DZ Bank reaffirmed a “sell” rating on shares of ThyssenKrupp in a report on Thursday, August 13th. Finally, Jefferies Financial Group set a €10.00 ($11.76) target price on ThyssenKrupp and gave the company a “buy” rating in a report on Thursday, August 13th.
TKA stock traded down €0.03 ($0.04) during trading hours on Friday, hitting €5.73 ($6.74). 2,136,680 shares of the stock traded hands. The stock has a 50-day simple moving average of €6.36 and a 200 day simple moving average of €6.13. ThyssenKrupp has a one year low of €20.70 ($24.35) and a one year high of €27.01 ($31.78).
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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