Bechtle (ETR:BC8) PT Set at €112.00 by Baader Bank

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Bechtle (ETR:BC8) received a €112.00 ($130.23) price objective from stock analysts at Baader Bank in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Baader Bank’s price target would suggest a potential upside of 9.70% from the company’s current price.

Several other brokerages also recently issued reports on BC8. HSBC set a €110.00 ($127.91) price target on Bechtle and gave the stock a “buy” rating in a report on Thursday, June 6th. Independent Research set a €104.00 ($120.93) price target on Bechtle and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Kepler Capital Markets set a €150.00 ($174.42) price target on Continental and gave the stock a “neutral” rating in a report on Friday, May 10th. DZ Bank restated a “neutral” rating on shares of Bechtle in a report on Tuesday, May 21st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 340 ($4.44) price target on shares of Stock Spirits Group in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Bechtle has a consensus rating of “Hold” and an average price target of €93.44 ($108.66).

Shares of Bechtle stock traded up €1.00 ($1.16) during trading hours on Tuesday, hitting €102.10 ($118.72). The company’s stock had a trading volume of 115,273 shares, compared to its average volume of 54,276. Bechtle has a 12 month low of €62.05 ($72.15) and a 12 month high of €110.80 ($128.84). The stock has a 50 day simple moving average of €101.81. The company has a market capitalization of $4.28 billion and a P/E ratio of 29.78. The company has a quick ratio of 1.37, a current ratio of 2.02 and a debt-to-equity ratio of 42.79.

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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Analyst Recommendations for Bechtle (ETR:BC8)

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