Takkt Ag (ETR:TTK) Given Average Recommendation of “Buy” by Brokerages

Shares of Takkt Ag (ETR:TTK) have earned a consensus rating of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is €15.90 ($18.49).

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Several equities analysts have recently weighed in on TTK shares. Warburg Research set a €17.00 ($19.77) price target on shares of Takkt and gave the stock a “buy” rating in a research note on Thursday, October 24th. Hauck & Aufhaeuser set a €9.00 ($10.47) price target on shares of Takkt and gave the stock a “sell” rating in a research note on Friday, October 25th. Pareto Securities set a €20.00 ($23.26) price target on shares of Takkt and gave the stock a “buy” rating in a research note on Thursday, July 25th. Berenberg Bank set a €16.50 ($19.19) price target on shares of Takkt and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Takkt in a research note on Monday, November 4th.

Shares of TTK traded down €0.14 ($0.16) during mid-day trading on Tuesday, hitting €11.44 ($13.30). 190,182 shares of the company’s stock were exchanged, compared to its average volume of 67,952. The company has a market cap of $759.65 million and a PE ratio of 8.80. Takkt has a 52 week low of €10.58 ($12.30) and a 52 week high of €15.98 ($18.58). The company has a 50-day simple moving average of €11.63 and a 200 day simple moving average of €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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