Baader Bank set a €112.00 ($130.23) price objective on Bechtle (ETR:BC8) in a research note released on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Other research analysts also recently issued reports about the company. Hauck & Aufhaeuser set a €60.00 ($69.77) price target on Bechtle and gave the company a sell rating in a report on Monday, August 19th. Berenberg Bank set a €85.00 ($98.84) price target on Bechtle and gave the company a neutral rating in a report on Tuesday, May 14th. HSBC set a €110.00 ($127.91) price target on Bechtle and gave the company a buy rating in a report on Monday, August 12th. Warburg Research set a €110.00 ($127.91) price target on Bechtle and gave the company a buy rating in a report on Monday, August 12th. Finally, Independent Research set a €100.00 ($116.28) price target on Bechtle and gave the company a neutral rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Bechtle currently has an average rating of Hold and a consensus price target of €92.89 ($108.01).
Shares of ETR:BC8 opened at €87.90 ($102.21) on Thursday. Bechtle has a 12-month low of €62.05 ($72.15) and a 12-month high of €110.80 ($128.84). The business’s fifty day simple moving average is €97.39 and its 200-day simple moving average is €91.09. The company has a market capitalization of $3.69 billion and a PE ratio of 24.21. The company has a current ratio of 2.00, a quick ratio of 1.32 and a debt-to-equity ratio of 51.72.
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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