Today’s Rating Change: Better Rating Was Given to thyssenkrupp (ETR:TKA) By a Broker. EUR 26.70 is The TP

November 30, 2016 - By Ruchi Gupta

Today's Rating Change:  Better Rating Was Given to thyssenkrupp (ETR:TKA) By a Broker. EUR 26.70 is The TP

thyssenkrupp (ETR:TKA) Upgrade

Societe Generale has increased thyssenkrupp (ETR:TKA) stock to a “Buy” in a a report sent to clients and investors on 30 November, and has set an estimated 12-month PT at EUR 26.70. This target is 26.90% from TKA’s last price.

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 €23.68 average target is 11.59% above today’s (€21.22) stock price. ThyssenKrupp has been the topic of 171 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of ThyssenKrupp AG (ETR:TKA) has “Outperform” rating given on Saturday, May 28 by Robert W. Baird. The stock has “Buy” rating given by Berenberg on Saturday, October 8. As per Friday, November 25, the company rating was upgraded by Landesbank. Independent Research maintained the stock with “Hold” rating in Friday, April 1 report. The company was maintained on Friday, August 21 by Independent Research. Kepler Cheuvreux upgraded ThyssenKrupp AG (ETR:TKA) on Saturday, April 23 to “Buy” rating. The stock has “Hold” rating given by Independent Research on Tuesday, July 12. The stock of ThyssenKrupp AG (ETR:TKA) has “Outperform” rating given on Tuesday, November 22 by BNP Paribas. The stock of ThyssenKrupp AG (ETR:TKA) earned “Buy” rating by DZ-Bank AG on Wednesday, July 13. The firm has “Hold” rating given on Thursday, August 13 by Independent Research.

About 688,651 shares traded hands. ThyssenKrupp AG (ETR:TKA) has declined 71.21% since May 3, 2016 and is downtrending. It has underperformed by 76.43% the S&P500.

ThyssenKrupp AG is a Germany-based diversified industrial company. The company has a market cap of 12.01 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 40.56 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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