Berenberg Bank Analysts Give Takkt (ETR:TTK) a €16.50 Price Target

Takkt (ETR:TTK) received a €16.50 ($19.19) price target from equities researchers at Berenberg Bank in a research note issued on Friday, October 25th, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 44.23% from the company’s current price.

TTK has been the topic of several other research reports. Pareto Securities set a €20.00 ($23.26) price target on Takkt and gave the company a “buy” rating in a research note on Thursday, July 25th. Kepler Capital Markets set a €17.00 ($19.77) price target on Takkt and gave the company a “buy” rating in a research note on Tuesday, September 24th. DZ Bank restated a “buy” rating on shares of Takkt in a research note on Friday, September 6th. Warburg Research set a €17.00 ($19.77) price target on Takkt and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Hauck & Aufhaeuser set a €9.00 ($10.47) price target on Takkt and gave the company a “sell” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of €15.90 ($18.49).

Shares of ETR:TTK traded down €0.14 ($0.16) on Friday, hitting €11.44 ($13.30). 190,182 shares of the company’s stock were exchanged, compared to its average volume of 67,952. Takkt has a 12 month low of €10.58 ($12.30) and a 12 month high of €15.98 ($18.58). The stock has a market capitalization of $759.65 million and a price-to-earnings ratio of 8.80. The business’s 50 day simple moving average is €11.63 and its two-hundred day simple moving average is €12.52. The company has a debt-to-equity ratio of 33.29, a current ratio of 1.10 and a quick ratio of 0.61.

Takkt Company Profile

TAKKT AG operates as a business to business direct marketing company for business equipment in Europe and North America. It offers pallet lifting trucks, universal cabinets, desk chairs, environmental cabinets, and containers for hazardous materials for transport, plant, warehouse, and office equipment; transport packaging solutions, such as collapsible boxes, package padding, shipping pallets, and stretch films; and serving platters and food baskets, as well as kitchen stoves and freezers.

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Analyst Recommendations for Takkt (ETR:TTK)

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