Takkt (ETR:TTK) PT Set at €17.60 by Commerzbank

Takkt (ETR:TTK) has been assigned a €17.60 ($20.47) price objective by equities researchers at Commerzbank in a report issued on Wednesday, July 18th. The firm currently has a “neutral” rating on the stock. Commerzbank’s target price points to a potential upside of 13.26% from the stock’s previous close.

Several other equities research analysts have also commented on the company. DZ Bank restated a “neutral” rating on shares of Takkt in a research note on Friday, April 6th. Hauck & Aufhaeuser set a €20.50 ($23.84) price objective on Takkt and gave the stock a “neutral” rating in a research note on Thursday, April 12th. Kepler Capital Markets set a €19.00 ($22.09) price target on Takkt and gave the stock a “neutral” rating in a research note on Wednesday, March 21st. Berenberg Bank set a €23.50 ($27.33) price target on Takkt and gave the stock a “neutral” rating in a research note on Friday, March 23rd. Finally, Warburg Research set a €24.30 ($28.26) price target on Takkt and gave the stock a “buy” rating in a research note on Thursday, April 26th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of €19.90 ($23.14).

Shares of ETR TTK traded up €0.12 ($0.14) during midday trading on Wednesday, hitting €15.54 ($18.07). 21,748 shares of the stock traded hands, compared to its average volume of 67,952. Takkt has a one year low of €17.30 ($20.12) and a one year high of €23.10 ($26.86).

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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