Deutsche Bank AG Gains Confidence in thyssenkrupp (ETR:TKA). Will Other Analysts Follow?

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thyssenkrupp (ETR:TKA) Stock Upgrade

Deutsche Bank AG increased shares of thyssenkrupp (ETR:TKA) stock to a solid Buy rating. This recent change was shared with investors in a comprehensive report today. The broker currently has a EUR 24.00 target price per share on TKA.

From a total of 18 analysts covering ThyssenKrupp (ETR:TKA) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 56% 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 €23.51 with a 32.90% above today’s (€17.69) stock price. ThyssenKrupp was the topic of 50 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 9 with “Neutral” rating. Landesbank upgraded shares to “Buy” rating and €24 target share price in a report from a November 25. Bankhaus Lampe upgraded TKA stock in a recent report from December 5 to “Buy” rating. Kepler Cheuvreux maintained the rating on November 24. Kepler Cheuvreux has a “Hold” rating and a €20 price target on shares. Finally, Independent Research maintained the stock with “Hold” rating in a report issued on a November 27.

The stock increased 0.14% or EUR 0.02 on December 9, striking EUR 17.69. Approximately 4.00 million shares of stock traded hands or 52.67% up from the average. ThyssenKrupp AG (ETR:TKA) has declined 13.04% since May 13, 2015 and is downtrending. It has underperformed by 12.24% the S&P500.

 Deutsche Bank AG Gains Confidence in thyssenkrupp (ETR:TKA). Will Other Analysts Follow?

ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 10.40 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 31.29 P/E ratio. The Company’s Steel Americas segment includes the production, processing and marketing of steel products in North and South America.

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