Credit Suisse Group Analysts Give thyssenkrupp (FRA:TKA) a €16.50 Price Target

thyssenkrupp (FRA:TKAGet Rating) has been assigned a €16.50 ($17.74) price target by analysts at Credit Suisse Group in a note issued to investors on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s target price points to a potential upside of 140.10% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Barclays set a €9.00 ($9.68) price objective on shares of thyssenkrupp in a research note on Tuesday. Jefferies Financial Group set a €12.65 ($13.60) target price on shares of thyssenkrupp in a report on Thursday, April 21st. Morgan Stanley set a €11.00 ($11.83) target price on shares of thyssenkrupp in a report on Tuesday, January 18th. Deutsche Bank Aktiengesellschaft set a €17.00 ($18.28) price objective on shares of thyssenkrupp in a report on Wednesday, March 23rd. Finally, Deutsche Bank Rese… set a €17.00 ($18.28) price objective on shares of thyssenkrupp in a report on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of €13.57 ($14.59).

Shares of FRA TKA opened at €6.87 ($7.39) on Wednesday. thyssenkrupp has a 12-month low of €20.70 ($22.26) and a 12-month high of €27.01 ($29.04). The company’s fifty day simple moving average is €8.09 and its 200 day simple moving average is €8.97.

About thyssenkrupp (Get Rating)

thyssenkrupp AG operates in the areas of automotive technology, industrial components, marine systems, steel, and materials services in Germany, the United States, China, and internationally. The company's Automotive Technology segment develops and manufactures components and systems, as well as automation solutions for the automotive industry.

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