Is thyssenkrupp (ETR:TKA) Now a ‘Buy’? Joh. Berenberg Gossler & Co. KG Upgrades Stock

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thyssenkrupp (ETR:TKA) Stock Upgrade

In a recent report disseminated on 15 December, Joh. Berenberg Gossler & Co. KG has raised shares of thyssenkrupp (ETR:TKA) stock to a solid Buy and has set an estimated 52-week target to EUR 26.00. This target is 54.58% from TKA’s current share price.

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 36.90% above today’s (€16.83) stock price. ThyssenKrupp was the topic of 56 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Commerzbank upgraded shares on December 11 to “Buy” rating. UBS downgraded shares to “Sell” rating and €16 target share price in a report from a December 10. S&P Research maintained TKA stock in a recent report from December 10 with “Hold” rating. HSBC upgraded the rating on December 8. HSBC has a “Buy” rating and a €25.10 price target on shares. Finally, Warburg Research upgraded the stock to “Buy” rating in a report issued on a December 10.

The stock decreased 2.35% or EUR 0.4 on December 14, striking EUR 16.83. Approximately 2.77M shares of stock traded hands or 0.36% up from the average. ThyssenKrupp AG (ETR:TKA) has declined 19.78% since May 18, 2015 and is downtrending. It has underperformed by 15.36% the S&P500.

 Is thyssenkrupp (ETR:TKA) Now a ‘Buy’? Joh. Berenberg Gossler & Co. KG Upgrades Stock

ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 9.52 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 29.76 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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