Jefferies raised target for ThyssenKrupp stock to EUR 16.50

Published on 10/12/2026 at 09:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

tk accelis targets a 49.00 percent spin-off on October 28. ThyssenKrupp stock costs EUR 13.65 on October 12, 2026 versus October 9 Xetra close EUR 13.70.

Key points in brief

Jefferies raised its ThyssenKrupp price target from EUR 13.00 to EUR 16.50 on October 6, 2026.
ThyssenKrupp Steel targets adjusted EBITDA of at least EUR 1.2 billion and an adjusted margin of at least 11.00 percent.
The stock was trading at EUR 13.65 at Lang & Schwarz on October 12, 2026, below the EUR 13.70 Xetra close of October 9, 2026.
The planned 49.00 percent tk accelis spin-off is scheduled for October 28, 2026.

Trading-Floor mit Tradern vor großen Aktienchart-Bildschirmen — thyssenkrupp AG (DE0007500001): Börsen-Editorialfoto von Tradern vor großen Industrie-Aktiencharts auf beleuchteten Bildschirmen im Handelssaal, Illustration mit AI erstellt.

ThyssenKrupp (DE0007500001) stock was trading at EUR 13.65 at Lang & Schwarz on October 12, 2026 at 9:32 a.m. CEST, 0.36 percent below the Xetra close of October 9, 2026 at EUR 13.70. On October 6, 2026, onvista reported that Jefferies had raised its price target from EUR 13.00 to EUR 16.50 while keeping a Buy rating.

Three milestones shape the story

On September 28, 2026, thyssenkrupp Steel set a medium-term target of at least EUR 1.20 billion in adjusted earnings before interest, taxes, depreciation and amortization, with a margin of at least 11.00 percent, according to thyssenkrupp. On October 6, 2026, Jefferies lifted the target to EUR 16.50, and on October 28, 2026, the planned tk accelis listing is set to advance the group's portfolio restructuring, as Borse Express reported.

What does the steel target mean?

The target gives investors a measurable test for the turnaround. Reuters reported on September 28, 2026, that the planned adjusted margin exceeds 11.00 percent, compared with more than 4.00 percent in fiscal year 2026. The operational gap is therefore visible in both the earnings target of EUR 1.20 billion and the margin objective, while the company also expects more than EUR 800 million in earnings improvement from self-help measures.

Upcoming dates set the timetable

The next two dated milestones are October 28, 2026, for the planned 49.00 percent tk accelis spin-off, and November 4, 2026, for a London investor-relations roadshow listed on the thyssenkrupp investor-relations page. The annual report for fiscal year 2025/2026 is scheduled for December 8, 2026, according to Borse Express.

Stock remains below its yearly high

At EUR 13.65, the Lang & Schwarz price stood 13.99 percent below the 52-week high of EUR 15.87 and within the EUR 7.12 to EUR 15.87 52-week range on October 12, 2026. The market capitalization was EUR 8.5 billion at that time, keeping the valuation closely tied to execution of the steel turnaround and the portfolio steps.

The further course of trading is shown by the continuously updated real-time quote of ThyssenKrupp stock.