thyssenkrupp (ETR:TKA) Given The Increased Buy Rating by Analysts at Norddeutsche Landesbank with EUR 20.00 Target Price per Share

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thyssenkrupp (ETR:TKA) Rating Increased

Investment analysts at Norddeutsche Landesbank’s research division increased thyssenkrupp (ETR:TKA)’s stock to Buy on 2 February. The equity analysts at Norddeutsche Landesbank have a target of EUR 20.00 on TKA or 49.93 % more upside.

The stock rating upgrade is welcomed by equity trades, as ETR:TKA is currently trading 0.86% higher at EUR 13.47 as of 15:42 Frankfurt time. thyssenkrupp’s stock is down -46.56% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has dropped -8.56% over the same time period.

ETR:TKA Price Chart & Trend

The stock price of thyssenkrupp nosedived 46.56% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, thyssenkrupp is down 30.47% and down 26%, respectively. Our stocks momentum model is shown on the price chart below. thyssenkrupp (ETR:TKA) Given The Increased Buy Rating by Analysts at Norddeutsche Landesbank with EUR 20.00 Target Price per Share

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

TKA Stock Chart

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 0.86% on 2 February, hitting EUR 13.47. A total of shares of the company’s stock traded hands. This is down from average of 2.99 million shares. thyssenkrupp has a 52 week low of EUR 13.02 and a 52 week high of EUR 26.41. The company has a market cap of 7.56 billion EUR and a P/E ratio of 23.81.

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

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