Berenberg Bank Reiterates “€16.50” Price Target for Takkt (ETR:TTK)

Berenberg Bank set a €16.50 ($19.19) target price on Takkt (ETR:TTK) in a report issued on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Hauck & Aufhaeuser set a €9.00 ($10.47) price target on shares of Takkt and gave the stock a sell rating in a research report on Friday. Warburg Research set a €17.00 ($19.77) price target on shares of Takkt and gave the stock a buy rating in a research report on Thursday, October 24th. Kepler Capital Markets set a €17.00 ($19.77) price target on shares of Takkt and gave the stock a buy rating in a research report on Tuesday, September 24th. DZ Bank reaffirmed a buy rating on shares of Takkt in a research report on Friday, September 6th. Finally, Pareto Securities set a €20.00 ($23.26) price target on shares of Takkt and gave the stock a buy rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of €15.90 ($18.49).

Shares of TTK stock opened at €10.86 ($12.63) on Friday. Takkt has a one year low of €10.70 ($12.44) and a one year high of €16.18 ($18.81). The company has a debt-to-equity ratio of 38.92, a quick ratio of 0.62 and a current ratio of 1.13. The company has a 50 day moving average price of €11.83 and a 200 day moving average price of €12.76. The firm has a market capitalization of $717.78 million and a price-to-earnings ratio of 7.99.

About Takkt

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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