Jefferies raises ThyssenKrupp stock target to EUR 16.50

Published on 10/14/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Steel targets EUR 1.20 billion adjusted EBITDA at 11.00 percent. ThyssenKrupp stock costs EUR 14.10 on October 14, 2026, 2.03 percent above EUR 13.82.

Analyst target and restructuring dates

Jefferies lifted its target from EUR 13.00 to EUR 16.50 on October 7, 2026.
Thyssenkrupp Steel targets adjusted EBITDA of EUR 1.20 billion and an 11.00 percent margin.
ThyssenKrupp stock trades at EUR 14.10 at 12:05 p.m. CEST at Lang & Schwarz on October 14, 2026, 2.03 percent above the Xetra close of October 13, 2026.

Schwarzweiß-Reportagefoto von Stahlarbeitern an glühender Gießpfanne — thyssenkrupp AG (DE0007500001): dokumentarische Schwarzweiß-Reportage von Stahlarbeitern an einer glühenden Gießpfanne mit fliegenden Funken, Illustration mit AI erstellt.

Jefferies raised its ThyssenKrupp stock target from EUR 13.00 to EUR 16.50 on October 7, 2026, while keeping a Buy rating. As BÖRSE ONLINE reported, analyst Tommaso Castello cited the recovery of the steel business and the planned tk accelis separation as reasons for the higher valuation. The target is EUR 2.40 above the current Lang & Schwarz price.

Three milestones reshape the group

On September 28, 2026, thyssenkrupp set a medium-term target of at least EUR 1.20 billion in adjusted earnings before interest, taxes, depreciation and amortization, an adjusted margin of at least 11.00 percent and positive free cash flow. The company also expects more than EUR 800.00 million of earnings improvement from self-help measures.

On October 5, 2026, Reuters reported that Thyssenkrupp was targeting an October 28 listing for tk accelis and planned to float 49.00 percent of the materials trading unit. The separation supports the holding-company strategy, but the date remains a target rather than a completed transaction.

What does the split-up mean for margins

The strategic case depends on operating improvement as well as portfolio simplification. Reuters reported that tk accelis targets an adjusted margin of 4.00 to 5.00 percent, compared with 2.00 percent in fiscal year 2024/2025, while the Steel division's longer-term target is 11.00 percent.

Results and listing dates

The next dated milestones are the planned tk accelis listing on October 28, 2026, and the full annual report for fiscal year 2025/2026 on December 8, 2026. Börse Express cited both dates in its October 2026 coverage.

Stock moves above the Xetra close

ThyssenKrupp stock was trading at EUR 14.10 at Lang & Schwarz on October 14, 2026, at 12:05 p.m. CEST, up 2.03 percent versus the Xetra close of October 13, 2026, at EUR 13.82. The calculation uses the unrounded values before rounding to two decimals.

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