November 30, 2016 - By Ellis Scott
thyssenkrupp (ETR:TKA) was upgraded by Joh. Berenberg Gossler & Co. KG to a Buy rating in a a note revealed to clients and investors on 30 November. The firm from today has EUR 28.00 target price on the stock. Joh. Berenberg Gossler & Co. KG’s target is 33.08% from TKA’s last price.
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 €23.68 average target is 11.44% above today’s (€21.25) stock price. ThyssenKrupp has been the topic of 171 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Commerzbank upgraded it to “Buy” rating and €26 target price in Wednesday, June 8 report. The stock of ThyssenKrupp AG (ETR:TKA) earned “Outperform” rating by BNP Paribas on Tuesday, November 24. The firm has “Buy” rating by Landesbank given on Wednesday, November 25. The firm earned “Outperform” rating on Friday, July 29 by BNP Paribas. Commerzbank upgraded the shares of TKA in a report on Saturday, April 2 to “Buy” rating. Berenberg upgraded it to “Buy” rating and €27.50 target price in Thursday, October 27 report. The stock has “Buy” rating given by Warburg Research on Friday, November 25. The firm has “Hold” rating by DZ-Bank AG given on Saturday, April 2. Kepler Cheuvreux maintained ThyssenKrupp AG (ETR:TKA) rating on Tuesday, November 24. Kepler Cheuvreux has “Hold” rating and €20 price target. The rating was upgraded by Jefferies to “Buy” on Friday, September 4.
About 701,028 shares traded hands. ThyssenKrupp AG (ETR:TKA) has declined 71.50% since May 3, 2016 and is downtrending. It has underperformed by 76.73% the S&P500.
ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 12.02 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 40.62 P/E ratio.
More important 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 article titled: “Tata Steel in Venture Talks With Thyssenkrupp on Europe Business”, Moodys.com published: “Moody’s downgrades thyssenkrupp AG’s ratings to Ba2; stable outlook” on February 23, 2016. More interesting news about ThyssenKrupp AG (ETR:TKA) was released by: Wsj.com and their article: “Brazil’s Vale to Sell Stake in CSA Steel Plant to ThyssenKrupp” with publication date: April 04, 2016.
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By Ellis Scott