Hauck & Aufhaeuser Reiterates €63.90 Price Target for Bechtle (BC8)
A number of other analysts have also recently issued reports on BC8. Kepler Capital Markets set a €80.00 ($93.02) target price on Bechtle and gave the stock a buy rating in a report on Friday, August 10th. Baader Bank set a €92.00 ($106.98) target price on Bechtle and gave the stock a buy rating in a report on Tuesday, August 14th. Warburg Research set a €100.00 ($116.28) target price on Bechtle and gave the stock a buy rating in a report on Wednesday. Independent Research set a €90.00 ($104.65) target price on Bechtle and gave the stock a neutral rating in a report on Monday, August 13th. Finally, Berenberg Bank set a €96.00 ($111.63) target price on Bechtle and gave the stock a buy rating in a report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of €86.49 ($100.57).
Shares of ETR:BC8 traded down €4.90 ($5.70) during trading on Thursday, reaching €71.65 ($83.31). 213,107 shares of the stock were exchanged, compared to its average volume of 54,276. Bechtle has a 12-month low of €48.83 ($56.78) and a 12-month high of €75.40 ($87.67).
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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