thyssenkrupp (ETR:TKA) Stock Upgrade
The equities rating of thyssenkrupp (ETR:TKA) shares was upgraded by expert analysts at HSBC to a respectable “Buy” rating in an interesting research report released on Tuesday morning. The firm HSBC has a EUR 25.10 target price on the stock. HSBC’s target price may mean a possible upside of 36.93%.
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 27.63% above today’s (€18.35) stock price. ThyssenKrupp was the topic of 48 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on December 5 to “Buy” rating. Kepler Cheuvreux maintained shares with “Hold” rating and €20 target share price in a report from a November 24. Independent Research maintained TKA stock in a recent report from November 27 with “Hold” rating. BNP Paribas upgraded the rating on November 24. BNP Paribas has a “Outperform” rating and a €23.50 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on a November 25.
The stock increased 0.14% or EUR 0.02 on December 7, striking EUR 18.35. Approximately 1.61 million shares of stock traded hands. ThyssenKrupp AG (ETR:TKA) has declined 13.04% since May 11, 2015 and is downtrending. It has underperformed by 11.96% the S&P500.
ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 10.38 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 32.45 P/E ratio. The Company’s Steel Americas segment includes the production, processing and marketing of steel products in North and South America.