thyssenkrupp (ETR:TKA) Upgrade of Rating

Commerzbank AG gave Thyssenkrupp (ETR:TKA) shares a new “Buy” rating in a report revealed to clients on 1 April. The financial company currently has EUR 23.00 TP on the stock. Commerzbank AG’s target is 19.98 % from TKA’s last price.

The stock rating upgrade is well received by equity trades, as ETR:TKA is right now trading 4.93% higher at EUR 19.16 as of 00:29 Frankfurt time. thyssenkrupp shares have declined -21.68% in the last 200 days, while the S&P500 Index has declined -1.12% during the same time period.

ETR:TKA Price Chart & Trend

The stock price of thyssenkrupp lost 21.68% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, thyssenkrupp is up 28.86% and up 5.07%, 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 diversified industrial company. It operates six segments: The Steel Europe Segment produces flat carbon steel products; the Steel Americas segment includes the production, processing and marketing of steel products in North and South America; the Materials Services segment engages in the global distribution of materials and the provision of technical services for the production and manufacturing sectors; the Elevator Technology segment specializes in the construction, modernization and servicing of elevators, escalators, moving walks, stair and platform lifts, as well as passenger boarding bridges; the Industrial Solutions segment offers engineering and construction services, and the Components Technology segment offers components for the automotive, construction and engineering sectors, as well as for wind turbines. The Company’s subsidiaries include Outokumpu VDM GmbH, Acciai Speciali Terni SpA and ThyssenKrupp Elevator AG, among others.

thyssenkrupp (ETR:TKA) traded up 4.93% on 1 April, hitting EUR 19.16. A total of 6.26 million shares of the company’s stock traded hands. This is up from average of 2.72 million 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 10.84 billion EUR and a P/E ratio of 44.62.

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) Given Improved “Buy” Rating by Commerzbank AG with EUR 23.00 Target Price appeared first on Octafinance.