Trade Report: Today, Independent Research GmbH Reiterates “€23.00” Price Target for ThyssenKrupp AG (TKA)

Today, Independent Research GmbH Reiterates “€23.00” Price Target for ThyssenKrupp AG (TKA)

ThyssenKrupp AG (FRA:TKA) received a €23.00 ($24.21) price target from equities researchers at Independent Research GmbH in a research report issued on Monday. The firm presently has a “neutral” rating on the stock.

Several other research firms also recently weighed in on TKA. Commerzbank AG set a €26.00 ($27.37) price target on ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Friday, August 19th. Berenberg Bank set a €27.50 ($28.95) price target on ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Friday, August 19th. Deutsche Bank AG reissued a “buy” rating and set a price target on shares of ThyssenKrupp AG in a research report on Wednesday, August 17th. Nord/LB set a €26.00 ($27.37) price target on ThyssenKrupp AG and gave the stock a “buy” rating in a research report on Friday, August 12th. Finally, DZ Bank AG reissued a “buy” rating on shares of ThyssenKrupp AG in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of €23.49 ($24.73).

ThyssenKrupp AG (FRA:TKA) traded down 1.962% during trading on Monday, reaching €20.932. The company had a trading volume of 5,331 shares. The company has a market capitalization of €11.85 billion and a P/E ratio of 65.824. The firm’s 50 day moving average is €21.44 and its 200-day moving average is €20.31. ThyssenKrupp AG has a 12 month low of €12.62 and a 12 month high of €22.95.

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