Tekfen Holding traded at 140.00 this Thursday July 2nd, decreasing 1.90 or 1.34 percent since the previous trading session. Looking back, over the last four weeks, Tekfen Holding lost 6.98 percent. Over the last 12 months, its price rose by 27.62 percent. Looking ahead, we forecast Tekfen Holding to be priced at 136.05 by the end of this quarter and at 120.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tekfen Holding AS (Tekfen) is a Turkey-based holding company active in various sectors, such as construction, agriculture, finance and real estate through its affiliates and subsidiaries. The Company operates five segments: Contracting, Agri-Industry, Real Estate Development, Banking and Investment and Services. Tekfen’s Contracting Group’s activities include infrastructural and industrial projects in several countries, like Saudi Arabia, Azerbaijan, Georgia, Kazakhstan, Morocco, United Arab Emirates, Qatar, Oman and Bulgaria. Tekfen also engages in the production of chemical fertilizers, seed and seedlings, along with power generation and terminal operations. The Company’s Real Estate Development Group is primarily involved in the design, construction, renting and marketing of shopping centers, office buildings, flats and hotels.