thyssenkrupp (ETR:TKA) May Have Just Reached An Inflection Point; Commerzbank AG Upgrades Shares

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thyssenkrupp (ETR:TKA) Stock Upgrade

Commerzbank AG has boosted shares of thyssenkrupp (ETR:TKA) to a Buy and at this point in time has a EUR 26.00 target price on the stock. This was released in a recent research note earlier today. Commerzbank AG’s target price suggests a possible upside of 45.58%.

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 €16. The mean of all analyst targets is €23.04 with a 29.15% above today’s (€17.84) stock price. ThyssenKrupp was the topic of 54 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. S&P Research maintained shares on December 10 with “Hold” rating. HSBC upgraded shares to “Buy” rating and €25.10 target share price in a report from a December 8. Warburg Research upgraded TKA stock in a recent report from December 10 to “Buy” rating. Bankhaus Lampe upgraded the rating on December 5. Bankhaus Lampe has a “Buy” rating and a €23 price target on shares. Finally, Citigroup maintained the stock with “Neutral” rating in a report issued on a December 9.

The stock increased 0.82% or EUR 0.15 on December 10, striking EUR 17.84. Approximately 2.94 million shares of stock traded hands or 10.94% up from the average. ThyssenKrupp AG (ETR:TKA) has declined 13.04% since May 14, 2015 and is downtrending. It has underperformed by 11.11% the S&P500.

 thyssenkrupp (ETR:TKA) May Have Just Reached An Inflection Point; Commerzbank AG Upgrades Shares

ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 10.08 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 31.55 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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