Bechtle AG (BC8) Given a €60.00 Price Target by Independent Research GmbH Analysts
Bechtle AG (ETR:BC8) has been given a €60.00 ($70.59) target price by stock analysts at Independent Research GmbH in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock.
A number of other research firms have also commented on BC8. Baader Bank set a €56.00 ($65.88) price target on shares of Bechtle AG and gave the company a “neutral” rating in a report on Thursday. Commerzbank Ag set a €105.00 ($123.53) price target on shares of Bechtle AG and gave the company a “neutral” rating in a report on Saturday, May 20th. DZ Bank AG reiterated a “neutral” rating on shares of Bechtle AG in a report on Saturday, May 20th. Warburg Research set a €120.00 ($141.18) price target on shares of Bechtle AG and gave the company a “buy” rating in a report on Saturday, May 20th. Finally, Kepler Capital Markets set a €126.00 ($148.24) price target on shares of Bechtle AG and gave the company a “buy” rating in a report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €93.40 ($109.88).
Shares of Bechtle AG (ETR BC8) opened at 57.55 on Friday. Bechtle AG has a 52-week low of €56.65 and a 52-week high of €116.16. The firm has a market capitalization of €2.42 billion and a PE ratio of 22.73. The stock’s 50 day moving average is €93.08 and its 200 day moving average is €100.74.
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About Bechtle AG
Bechtle AG is a Germany-based provider of information technology (IT) systems and technology. The Company operates through two segments: IT System House and Managed Services, and IT E-Commerce. The IT System House and Managed Services segment comprises the sale of hardware, software and applications, as well as project planning and roll-out, system integration, maintenance and training, the provision of cloud services and the operation of customer IT.
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