Today Independent Research GmbH Reconfirms a “Hold” Rating on ThyssenKrupp (ETR:TKA) and a EUR 20.00 Target Price


ThyssenKrupp (ETR:TKA) Rating Reaffirmed

In a note revealed to clients and investors on Friday morning, The “Hold” rating of ThyssenKrupp (ETR:TKA) shares was maintained by Independent Research GmbH, who now has a EUR 20.00 target price per share on the stock. Independent Research GmbH’s target price per share may imply a possible upside of 0.20% from the closing share price of the company.

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 €23.29 with a 17.45% above today’s (€19.83) stock price. ThyssenKrupp was the topic of 45 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on November 27 with “Hold” rating. Deutsche Bank upgraded shares to “Buy” rating and €24 target share price in a report from a November 21. Landesbank upgraded TKA stock in a recent report from November 25 to “Buy” rating. Credit Suisse upgraded the rating on November 21. Credit Suisse has a “Outperform” rating and a €24 price target on shares. Finally, Kepler Cheuvreux maintained the stock with “Hold” rating in a report issued on a November 24.

Approximately 55,672 shares of stock traded hands. ThyssenKrupp AG (ETR:TKA) has declined 13.04% since April 24, 2015 and is downtrending. It has underperformed by 11.68% the S&P500.

Today Independent Research GmbH Reconfirms a

ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 11.23 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 41.88 P/E ratio. The Company’s Steel Americas segment includes the production, processing and marketing of steel products in North and South America.