November 28, 2016 - By Linda Rogers
They currently have a EUR 20.00 PT on thyssenkrupp (ETR:TKA). Goldman Sachs Group Inc.’s target would suggest a potential downside of -6.10% from the company’s close price. This was revealed to investors in analysts report on 27 November.
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 12.62% above today’s (€21.07) stock price. ThyssenKrupp has been the topic of 169 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of ThyssenKrupp AG (ETR:TKA) earned “Hold” rating by S&P Research on Friday, November 20. The firm has “Buy” rating given on Friday, April 1 by Kepler Cheuvreux. The stock of ThyssenKrupp AG (ETR:TKA) earned “Hold” rating by Kepler Cheuvreux on Tuesday, November 24. The rating was upgraded by Berenberg on Tuesday, November 22 to “Buy”. The stock has “Hold” rating given by Independent Research on Friday, April 15. The firm earned “Hold” rating on Thursday, April 7 by Independent Research. BNP Paribas upgraded the shares of TKA in a report on Tuesday, November 24 to “Outperform” rating. The stock of ThyssenKrupp AG (ETR:TKA) has “Hold” rating given on Tuesday, October 6 by Bankhaus Lampe. The rating was upgraded by Warburg Research on Friday, February 5 to “Buy”. The firm has “Neutral” rating by Goldman Sachs given on Thursday, July 14.
About 537,011 shares traded hands. ThyssenKrupp AG (ETR:TKA) has risen 5.32% since April 18, 2016 and is uptrending. It has underperformed by 0.70% the S&P500.
ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 11.92 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 40.28 P/E ratio.
More recent ThyssenKrupp AG (ETR:TKA) news were published by: Wsj.com which released: “Thyssenkrupp Profit Down 34% on Steel Prices” on August 11, 2016. Also Bloomberg.com published the news titled: “Tata Steel in Venture Talks With Thyssenkrupp on Europe Business” on July 08, 2016. Moodys.com‘s news article titled: “Moody’s downgrades thyssenkrupp AG’s ratings to Ba2; stable outlook” with publication date: February 23, 2016 was also an interesting one.
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By Linda Rogers