thyssenkrupp (ETR:TKA) Upgrade of Rating

In a research report sent to clients and investors on Wednesday morning, Norddeutsche Landesbank raised shares of Thyssenkrupp (ETR:TKA) to “Buy” rating. Norddeutsche Landesbank currently has a EUR 23.00 target price on the stock. The firm target price suggests a potential upside of 21.50 % from thyssenkrupp (ETR:TKA)’s current stock price.

In spite of the rating upgrade ETR:TKA is now trading -0.32% lower at EUR 18.89 as of 20:18 Frankfurt time. thyssenkrupp shares have declined -15.1% over the past 200 days, while the S&P 500 Index has dropped -2.69% for the same time.

ETR:TKA Price Chart & Trend

The stock price of thyssenkrupp has declined 15.1% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, thyssenkrupp is up 14.45% and up 3.89%, 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 down -0.32% on 18 May, hitting EUR 18.89. A total of 1.47 million shares of the company’s stock traded hands. This is up from average of 22,585 shares. thyssenkrupp has a 52 week low of EUR 12.56 and a 52 week high of EUR 26.08. The company has a market cap of 10.69 billion EUR and a P/E ratio of 42.09.

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