Ratings Change: thyssenkrupp (ETR:TKA) Stock Rating Reconfirmed by Bankhaus Lampe KG; The EUR 20.00 Target Indicates -8.68% Potential

November 25, 2016 - By Peter Kolinski

Ratings Change: thyssenkrupp (ETR:TKA) Stock Rating Reconfirmed by Bankhaus Lampe KG; The EUR 20.00 Target Indicates  8.68% Potential

thyssenkrupp (ETR:TKA) Rating

In analysts note made public on today, Bankhaus Lampe KG reconfirmed their Hold rating on thyssenkrupp (ETR:TKA)‘s stock. The PT gives a potential downside of -8.68% from firm’s last stock close price.

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 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. S&P Research maintained the shares of TKA in a report on Friday, November 20 with “Hold” rating. The stock has “Buy” rating given by Landesbank on Friday, April 15. The stock has “Buy” rating given by Warburg Research on Tuesday, January 26. The stock has “Buy” rating given by Kepler Cheuvreux on Tuesday, February 16. The firm earned “Buy” rating on Saturday, July 2 by Baader Wertpapierhandelsbank. Independent Research maintained the shares of TKA in a report on Tuesday, July 12 with “Hold” rating. Credit Suisse upgraded the shares of TKA in a report on Thursday, January 28 to “Outperform” rating. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, July 14 report. The rating was upgraded by Warburg Research to “Buy” on Friday, November 25. The firm has “Buy” rating by Jefferies given on Friday, September 4.

About 973,750 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 65.85 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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