thyssenkrupp (ETR:TKA) Stock Upgrade
Trading for shares of thyssenkrupp (ETR:TKA) will be watched closely today, as Bankhaus Lampe KG lifted the stock to a solid rating of a “Buy”. In addition to their ratings upgrade, Bankhaus Lampe KG set a Estimated Target Price of EUR 23.00 which was 25.61% higher.
From a total of 17 analysts covering ThyssenKrupp (ETR:TKA) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is €30 while the lowest target price is €19. The mean of all analyst targets is €23.42 with a 27.77% above today’s (€18.33) stock price. ThyssenKrupp was the topic of 46 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on December 2 to “Buy” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €20 target share price in a report from a November 24. HSBC upgraded TKA stock in a recent report from November 26 to “Buy” rating. Deutsche Bank upgraded the rating on November 21. Deutsche Bank has a “Buy” rating and a €24 price target on shares. Finally, BNP Paribas upgraded the stock to “Outperform” rating in a report issued on a November 24.
The stock decreased 1.61% or EUR 0.3 on December 4, striking EUR 18.33. Approximately 3.33M shares of stock traded hands or 29.07% up from the average. ThyssenKrupp AG (ETR:TKA) has declined 13.04% since May 8, 2015 and is downtrending. It has underperformed by 10.26% the S&P500.
ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 10.37 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 32.41 P/E ratio. The Company’s Steel Americas segment includes the production, processing and marketing of steel products in North and South America.