Rating Alert: Will Deutsche Bank AG Upgrade Help thyssenkrupp (ETR:TKA) Stock Price Today?

November 28, 2016 - By Clifton Ray

Rating Alert:  Will Deutsche Bank AG Upgrade Help thyssenkrupp (ETR:TKA) Stock Price Today?

thyssenkrupp (ETR:TKA) Upgrade

Deutsche Bank AG was boosted to a Buy and currently has EUR 26.00 price target on thyssenkrupp (ETR:TKA)‘s stock. This was released in a a note today. Deutsche Bank AG’s price target means a potential upside of 22.07%.

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 €23.73 average target is 12.73% above today’s (€21.05) stock price. ThyssenKrupp has been the topic of 169 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Bankhaus Lampe given on Tuesday, June 7. Warburg Research upgraded it to “Buy” rating and €25 target price in Tuesday, January 26 report. As per Tuesday, December 15, the company rating was upgraded by Berenberg. The firm has “Buy” rating given on Sunday, November 27 by Jefferies. The firm has “Hold” rating by Independent Research given on Tuesday, June 28. The firm has “Hold” rating given on Friday, April 15 by Independent Research. The rating was downgraded by Kepler Cheuvreux to “Reduce” on Friday, November 25. Independent Research maintained the stock with “Hold” rating in Saturday, January 16 report. On Thursday, July 14 the stock rating was maintained by Goldman Sachs with “Neutral”. The firm has “Neutral” rating given on Wednesday, May 11 by Barclays Capital.

About 541,135 shares traded hands. ThyssenKrupp AG (ETR:TKA) has risen 5.70% since April 18, 2016 and is uptrending. It has underperformed by 0.31% the S&P500.

ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 11.91 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 40.24 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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