Bechtle AG (ETR:BC8) Given Average Recommendation of “Buy” by Brokerages

Bechtle AG (ETR:BC8) has received a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is €155.63 ($183.09).

BC8 has been the topic of a number of recent research reports. Berenberg Bank set a €58.00 ($68.24) target price on Bechtle in a report on Wednesday, August 18th. Deutsche Bank Aktiengesellschaft set a €170.00 ($200.00) target price on Bechtle in a report on Friday, August 13th. Warburg Research set a €200.00 ($235.29) target price on Bechtle in a report on Thursday, August 12th. Baader Bank set a €210.00 ($247.06) target price on Bechtle in a report on Thursday, August 12th. Finally, Kepler Capital Markets set a €194.00 ($228.24) target price on Bechtle in a report on Thursday, August 12th.

Shares of BC8 stock traded down €1.00 ($1.18) on Monday, hitting €62.64 ($73.69). The company had a trading volume of 198,678 shares, compared to its average volume of 54,276. Bechtle has a twelve month low of €47.87 ($56.31) and a twelve month high of €67.88 ($79.86). The company has a debt-to-equity ratio of 41.13, a quick ratio of 1.27 and a current ratio of 1.87. The stock’s 50-day moving average is €107.47 and its two-hundred day moving average is €141.35. The firm has a market cap of $7.89 billion and a P/E ratio of 36.48.

Bechtle Company Profile

Bechtle AG provides information technology services primarily in Europe. The company operates in two segments, IT System House & Managed Services, and IT E-Commerce. The IT System House & Managed Services segment offers IT strategy consulting, hardware and software selling, project planning and implementation, system integration, IT services, and training for IT operation.

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Analyst Recommendations for Bechtle (ETR:BC8)

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