Rating Worth Mentioning: Time To Buy thyssenkrupp (ETR:TKA), Baader Bank Upgrades It

November 25, 2016 - By Darrin Black

Rating Worth Mentioning:  Time To Buy thyssenkrupp (ETR:TKA), Baader Bank Upgrades It

thyssenkrupp (ETR:TKA) Upgrade

Baader Bank was upped to a “Buy” and currently has EUR 25.00 price target on thyssenkrupp (ETR:TKA)‘s stock. This was disclosed in a an analysts note today. Baader Bank’s price target suggests a potential upside of 14.16%.

ThyssenKrupp AG (ETR:TKA) Ratings Coverage

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 6.77% above today’s (€21.57) stock price. ThyssenKrupp has been the topic of 164 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Robert W. Baird given on Saturday, May 28. The stock has “Buy” rating given by Warburg Research on Tuesday, January 26. The stock of ThyssenKrupp AG (ETR:TKA) has “Hold” rating given on Friday, December 11 by Independent Research. The firm has “Hold” rating by Bankhaus Lampe given on Tuesday, June 7. The rating was upgraded by Robert W. Baird to “Outperform” on Friday, June 3. The rating was upgraded by Berenberg to “Buy” on Saturday, December 5. Bankhaus Lampe upgraded it to “Buy” rating and €23 target price in Saturday, December 5 report. The rating was upgraded by Deutsche Bank on Saturday, November 21 to “Buy”. Bankhaus Lampe maintained ThyssenKrupp AG (ETR:TKA) rating on Tuesday, August 30. Bankhaus Lampe has “Hold” rating and €20 price target. Jefferies upgraded ThyssenKrupp AG (ETR:TKA) on Wednesday, August 19 to “Buy” rating.

About 931,421 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 12.20 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 65.97 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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