thyssenkrupp (ETR:TKA) Upgrade of Rating

Trading of Thyssenkrupp (ETR:TKA)’s shares is going to be interesting today, as Societe Generale boosted the stock to a “Buy”. Along the rating upgrade, Societe Generale analysts gave a price target of EUR 24.00 or 71.31 % more.

ETR:TKA Price Chart & Trend

The stock price of thyssenkrupp has dropped 43.56% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, thyssenkrupp is down 22.86% and down 12.05%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

thyssenkrupp (ETR:TKA) Profile

ThyssenKrupp AG is a Germany-based technology holding company. Its Steel Europe segment produces flat carbon steel products. Its Steel Americas segment includes the production, processing and marketing of steel products in North and South America.

thyssenkrupp (ETR:TKA) traded up 8.68% on 12 February, hitting EUR 14.02. A total of 6.57M shares of the company’s stock traded hands. This is up from average of 3.55M shares. thyssenkrupp has a 52 week low of EUR 12.62 and a 52 week high of EUR 26.41. The company has a market cap of 7.93B EUR and a P/E ratio of 24.79.

Get the latest thyssenkrupp (ETR:TKA) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post thyssenkrupp (ETR:TKA) is Improved by Societe Generale to “Buy” Stock Rating. EUR 24.00 is The Target appeared first on Octafinance.