Rating Worth Mentioning Today: Time To Buy thyssenkrupp (ETR:TKA), DZ BANK Upgrades It

November 28, 2016 - By Linda Rogers

Rating Worth Mentioning Today:  Time To Buy thyssenkrupp (ETR:TKA), DZ BANK Upgrades It

thyssenkrupp (ETR:TKA) Upgrade

DZ BANK boosted the shares of thyssenkrupp (ETR:TKA) to a Buy rating in a a note revealed to clients and investors on 27 November.

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 12.95% above today’s (€21.01) stock price. ThyssenKrupp has been the topic of 169 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sell” rating given on Saturday, February 13 by S&P Research. The stock of ThyssenKrupp AG (ETR:TKA) earned “Buy” rating by Kepler Cheuvreux on Thursday, May 12. The stock has “Hold” rating given by Baader Wertpapierhandelsbank on Friday, August 28. The rating was downgraded by Kepler Cheuvreux on Wednesday, August 12 to “Reduce”. The firm has “Buy” rating given on Tuesday, December 15 by Jefferies. As per Thursday, October 27, the company rating was upgraded by Berenberg. Jefferies upgraded the stock to “Buy” rating in Friday, September 4 report. The firm has “Buy” rating by Landesbank given on Friday, April 15. The rating was downgraded by Barclays Capital to “Underweight” on Friday, August 21. As per Friday, August 14, the company rating was maintained by Deutsche Bank.

About 592,504 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 11.89 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 40.18 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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