Baader Bank set a €92.00 ($106.98) price target on Bechtle (ETR:BC8) in a research report released on Friday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other analysts have also recently issued research reports about the company. Warburg Research set a €100.00 ($116.28) target price on Bechtle and gave the company a buy rating in a research report on Thursday, January 24th. Berenberg Bank set a €83.00 ($96.51) target price on Bechtle and gave the company a neutral rating in a research report on Tuesday, April 9th. Independent Research set a €82.00 ($95.35) target price on Bechtle and gave the company a neutral rating in a research report on Monday, March 18th. Deutsche Bank set a €75.00 ($87.21) target price on Bechtle and gave the company a neutral rating in a research report on Thursday, March 28th. Finally, Hauck & Aufhaeuser set a €63.00 ($73.26) target price on Bechtle and gave the company a sell rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of €87.22 ($101.42).
BC8 traded up €8.75 ($10.17) during trading on Friday, hitting €100.30 ($116.63). 291,758 shares of the stock were exchanged, compared to its average volume of 54,276. The company has a market capitalization of $4.21 billion and a P/E ratio of 30.72. Bechtle has a 1 year low of €62.05 ($72.15) and a 1 year high of €91.70 ($106.63). The company has a quick ratio of 1.55, a current ratio of 2.01 and a debt-to-equity ratio of 44.56.
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, project planning and implementation, system integration, maintenance and training, IT, cloud, and IT operation services.
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