Bechtle (ETR:BC8) received a €112.00 ($130.23) price target from investment analysts at Baader Bank in a research report issued on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Baader Bank’s price objective would suggest a potential upside of 8.21% from the company’s previous close.

A number of other research firms also recently commented on BC8. DZ Bank reiterated a “neutral” rating on shares of Bechtle in a report on Monday, March 18th. Warburg Research set a €100.00 ($116.28) price target on shares of Bechtle and gave the stock a “buy” rating in a report on Wednesday, February 6th. HSBC set a €106.00 ($123.26) price target on shares of Bechtle and gave the stock a “buy” rating in a report on Thursday, May 9th. Kepler Capital Markets set a €87.00 ($101.16) price target on shares of Bechtle and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Hauck & Aufhaeuser set a €63.00 ($73.26) price target on shares of Bechtle and gave the stock a “sell” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €93.22 ($108.40).

BC8 stock traded up €2.00 ($2.33) during mid-day trading on Tuesday, reaching €103.50 ($120.35). The company’s stock had a trading volume of 79,333 shares, compared to its average volume of 54,276. The company has a market cap of $4.30 billion and a price-to-earnings ratio of 30.19. The company has a current ratio of 2.02, a quick ratio of 1.37 and a debt-to-equity ratio of 42.79. Bechtle has a fifty-two week low of €62.05 ($72.15) and a fifty-two week high of €105.30 ($122.44).

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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