Takkt (ETR:TTK) PT Set at €19.20 by Warburg Research

Takkt (ETR:TTKGet Rating) has been assigned a €19.20 ($20.65) price target by stock analysts at Warburg Research in a research note issued to investors on Thursday, Borsen Zeitung reports. Warburg Research’s target price would indicate a potential upside of 24.68% from the company’s previous close.

Separately, Berenberg Bank set a €19.00 ($20.43) target price on Takkt in a report on Thursday, March 31st.

Takkt stock opened at €15.40 ($16.56) on Thursday. The company has a debt-to-equity ratio of 14.96, a quick ratio of 0.77 and a current ratio of 1.43. The stock has a market cap of $1.01 billion and a PE ratio of 21.10. Takkt has a fifty-two week low of €12.40 ($13.33) and a fifty-two week high of €16.78 ($18.04). The firm’s 50-day simple moving average is €15.34 and its 200 day simple moving average is €14.98.

About Takkt (Get Rating)

TAKKT AG operates as a B2B direct marketing company for business equipment in Germany, rest of Europe, and the United States. The company operates in two segments, Omnichannel Commerce and Web-Focused Commerce. The Omnichannel Commerce segment offers pallet lifting trucks, universal cabinets, desk chairs, environmental cabinets, and containers to hazardous materials for transport, plant, warehouse, and office equipment; transport packaging solutions, such as collapsible boxes, package padding, shipping pallets, and stretch films; desk chairs, desks, conference tables, and furniture for reception areas that are used in automotive suppliers, service and retail companies, public institutions, government agencies, health care sector, schools, and churches; and serving platters and food baskets, as well as kitchen stoves and freezers.

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