Takkt (TTK) Given a €20.00 Price Target by Berenberg Bank Analysts
Berenberg Bank set a €20.00 ($23.26) price target on Takkt (ETR:TTK) in a report published on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts have also recently commented on TTK. Kepler Capital Markets set a €16.50 ($19.19) price target on shares of Takkt and gave the stock a neutral rating in a report on Thursday, April 25th. Warburg Research set a €20.00 ($23.26) price target on shares of Takkt and gave the stock a buy rating in a report on Thursday, April 18th. Finally, DZ Bank reiterated a neutral rating on shares of Takkt in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Takkt presently has a consensus rating of Buy and an average target price of €18.35 ($21.34).
ETR TTK opened at €12.96 ($15.07) on Wednesday. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 29.24. Takkt has a 52 week low of €12.00 ($13.95) and a 52 week high of €19.04 ($22.14). The company has a market cap of $850.31 million and a price-to-earnings ratio of 9.53.
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.
Further Reading: Calculating net profit and net profit margin ratio
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