Will the Recent Bankhaus Lampe KG Upgrade Help ThyssenKrupp (ETR:TKA) Shares This Week?


ThyssenKrupp (ETR:TKA) Stock Upgrade

Frankfurt-listed ThyssenKrupp (ETR:TKA), was boosted by analysts at Bankhaus Lampe KG today. Bankhaus Lampe KG boosted its rating on the 11.01B EUR market capitalized company to a “Buy”, and decided to leave its PT of EUR 23.00 on TKA shares.

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 17.86% above today’s (€19.76) 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.

The stock decreased 1.89% or EUR 0.38 on December 1, striking EUR 19.76. Approximately 2.49 million shares of stock traded hands. ThyssenKrupp AG (ETR:TKA) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

 Will the Recent Bankhaus Lampe KG Upgrade Help ThyssenKrupp (ETR:TKA) Shares This Week?

ThyssenKrupp AG is a Germany-based technology holding company. The company has a market cap of 11.01 billion EUR. The Company’s Steel Europe segment produces flat carbon steel products. It has 34.96 P/E ratio. The Company’s Steel Americas segment includes the production, processing and marketing of steel products in North and South America.