TAKKT (ETR:TTK) Upgrade

Frankfurt-listed Takkt (ETR:TTK), was boosted by investment analysts at Warburg Research. Warburg Research boosted its rating on the 972.02 million EUR market cap company to Buy, but maintained its PT of EUR 20.20 on TTK shares.

The rating upgrade is well-received by equity trades, as ETR:TTK is currently trading 0.37% higher at EUR 14.81 as of 15:13 Frankfurt time. TAKKT shares have declined -11.62% over the past 200 days, while the S&P 500 Index has decreased -13.51% in the same time period.

ETR:TTK Price Chart & Trend

The stock price of TAKKT declined 11.62% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, TAKKT is down 18.88% and down 12.22%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

TAKKT (ETR:TTK) Profile

Takkt AG is a Germany-based management holding company of a group of business-to-business (B2B) mail-order companies for business equipment solutions in over 25 countries located in Europe and North America. The Company operates through two divisions: TAKKT EUROPE and TAKKT AMERICA. TAKKT EUROPE comprises the three sub-groups Business Equipment Group (BEG) as well as Office Equipment Group (OEG) and Packaging Solutions Group (PSG).

TAKKT (ETR:TTK) traded up 0.37% on 11 February, hitting EUR 14.81. A total of 17,933 shares of the company’s stock traded hands. This is down from average of 20,794 shares. TAKKT has a 52 week low of EUR 14.42 and a 52 week high of EUR 18.5. The company has a market cap of 972.02 million EUR and a P/E ratio of 12.71.

Get the latest TAKKT (ETR:TTK) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Warburg Research Ups TAKKT (ETR:TTK) to Buy Rating with EUR 20.20 Target Price appeared first on Octafinance.