November 25, 2016 - By Richard Conner
Kepler Cheuvreux was cut to “Reduce” and currently has EUR 18.00 target price on thyssenkrupp (ETR:TKA)‘s stock. This was published in analysts report on Friday morning.
Out of 26 analysts covering ThyssenKrupp (ETR:TKA), 17 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 65% are positive. €30 is the highest target while €10 is the lowest. The €23.03 average target is 7.02% above today’s (€21.52) stock price. ThyssenKrupp has been the topic of 164 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by Commerzbank to “Buy” on Tuesday, July 28. The company was upgraded on Wednesday, September 16 by Commerzbank. As per Thursday, December 10, the company rating was maintained by S&P Research. The rating was upgraded by Warburg Research on Saturday, September 24 to “Buy”. On Tuesday, December 15 the stock rating was upgraded by Jefferies to “Buy”. Commerzbank upgraded it to “Buy” rating and €26 target price in Saturday, October 29 report. The firm has “Buy” rating given on Wednesday, February 3 by Landesbank. The stock has “Hold” rating given by Bankhaus Lampe on Tuesday, August 30. DZ-Bank AG maintained the stock with “Hold” rating in Wednesday, May 11 report. The company was upgraded on Friday, May 6 by Berenberg.
About 980,871 shares traded hands. ThyssenKrupp AG (ETR:TKA) has risen 5.32% since April 18, 2016 and is uptrending. It has underperformed by 0.09% the S&P500.
ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 12.18 billion EUR. It operates in six divisions: The Steel Europe segment produces flat carbon steel products; the Steel Americas segment processes and markets steel products in North and South America; the Materials Services segment engages in the global distribution of materials and the provision of technical services for the production and manufacturing sectors; the Elevator Technology segment specializes in the construction, modernization and servicing of elevators, escalators, moving walks, stair and platform lifts, as well as passenger boarding bridges; the Industrial Solutions segment offers engineering and construction services, and the Components Technology segment offers components for the automotive, construction and engineering sectors, as well as for wind turbines. It has a 65.83 P/E ratio.
More news for ThyssenKrupp AG (ETR:TKA) were recently published by: Wsj.com, which released: “Thyssenkrupp Profit Down 34% on Steel Prices” on August 11, 2016. Bloomberg.com‘s article titled: “Tata Steel in Venture Talks With Thyssenkrupp on Europe Business” and published on July 08, 2016 is yet another important article.
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