November 28, 2016 - By Louis Casey
Trading of thyssenkrupp (ETR:TKA)‘s shares is going to be interesting today, as S&P Capital IQ decreased the stock to a “Sell”. Along the rating downgrade, S&P Capital IQ analysts gave a target price per share of EUR 20.00 or -6.10% more.
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 12.57% above today’s (€21.08) stock price. ThyssenKrupp has been the topic of 169 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, August 4 by Berenberg. The rating was maintained by Bankhaus Lampe with “Hold” on Wednesday, May 11. The firm earned “Buy” rating on Saturday, April 23 by Kepler Cheuvreux. The company was upgraded on Tuesday, November 22 by BNP Paribas. The company was maintained on Friday, August 12 by Bankhaus Lampe. Berenberg upgraded ThyssenKrupp AG (ETR:TKA) on Saturday, June 25 to “Buy” rating. As per Saturday, August 13, the company rating was upgraded by DZ BANK. The company was upgraded on Saturday, November 21 by Credit Suisse. On Thursday, September 1 the stock rating was upgraded by Commerzbank to “Buy”. Landesbank upgraded it to “Buy” rating and €26 target price in Friday, November 25 report.
About 536,499 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 11.93 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 40.3 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 Louis Casey