Takkt Ag (TTK) Given Average Rating of “Buy” by Brokerages

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Shares of Takkt Ag (ETR:TTK) have been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is €18.35 ($21.34).

Several analysts have recently weighed in on TTK shares. Warburg Research set a €20.00 ($23.26) price target on Takkt and gave the stock a “buy” rating in a report on Thursday, April 4th. Berenberg Bank set a €20.00 ($23.26) target price on Takkt and gave the company a “buy” rating in a report on Friday, February 22nd. DZ Bank reiterated a “neutral” rating on shares of Takkt in a report on Monday, February 25th. Finally, Kepler Capital Markets set a €19.50 ($22.67) target price on Takkt and gave the company a “neutral” rating in a report on Thursday, January 10th.

Shares of ETR:TTK traded down €0.02 ($0.02) during midday trading on Friday, hitting €15.66 ($18.21). 38,986 shares of the stock were exchanged, compared to its average volume of 67,952. The stock has a market cap of $1.03 billion and a P/E ratio of 11.69. The company has a current ratio of 1.78, a quick ratio of 0.89 and a debt-to-equity ratio of 24.42. Takkt has a 12 month low of €12.00 ($13.95) and a 12 month high of €19.04 ($22.14).

About Takkt

TAKKT AG operates as a business to business direct marketing company for business equipment in Europe and North America. The company 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, bread baskets, and table decorations, as well as plates and cutlery for the food service and retail industries.

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Analyst Recommendations for Takkt (ETR:TTK)

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