thyssenkrupp (ETR:TKA) Rating Improved
In an analyst note published on Sunday morning, Credit Suisse Group has boosted Thyssenkrupp (ETR:TKA) stock to “Buy” and has set a 12month target at EUR 26.00. Credit Suisse Group’s target is 35.63 % from TKA’s last price.
The company’s rating upgrade is welcomed by equity traders, as ETR:TKA is currently trading 4.93% higher at EUR 19.16 as of 01:50 Frankfurt time. thyssenkrupp shares have declined -21.68% in the past 200 days, while the Standard & Poor’s 500 index has dropped -1.12% for the same time period.
ETR:TKA Price Chart & Trend
The stock price of thyssenkrupp decreased 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 3 April, hitting EUR 19.16. A total of 6.26M shares of the company’s stock traded hands. This is up from average of 2.72M 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 10.84B EUR and a P/E ratio of 44.62.
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