DZ Bank Reaffirms “Neutral” Rating for Takkt (ETR:TTK)
Takkt (ETR:TTK)‘s stock had its “neutral” rating restated by DZ Bank in a note issued to investors on Tuesday, Borsen Zeitung reports.
Several other equities research analysts have also recently commented on the company. Berenberg Bank set a €20.00 ($23.26) price target on Takkt and gave the company a “buy” rating in a report on Wednesday, May 22nd. Kepler Capital Markets set a €16.50 ($19.19) price target on Takkt and gave the company a “neutral” rating in a report on Monday, May 6th. Finally, Warburg Research set a €20.00 ($23.26) price target on Takkt and gave the company a “buy” rating in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Takkt currently has an average rating of “Buy” and a consensus target price of €18.35 ($21.34).
Shares of Takkt stock opened at €12.76 ($14.84) on Tuesday. Takkt has a 12 month low of €12.00 ($13.95) and a 12 month high of €18.94 ($22.02). The company has a market cap of $837.19 million and a price-to-earnings ratio of 9.38. 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 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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