RIB Software (RIB) Given a €17.80 Price Target at UBS Group
UBS Group set a €17.80 ($20.23) price objective on RIB Software (ETR:RIB) in a research note released on Friday morning, www.boersen-zeitung.de reports. The brokerage currently has a sell rating on the stock.
A number of other research analysts have also recently issued reports on RIB. equinet set a €25.00 ($28.41) price target on shares of RIB Software and gave the stock a buy rating in a report on Monday, April 30th. Kepler Capital Markets set a €35.00 ($39.77) price target on shares of RIB Software and gave the stock a buy rating in a report on Monday, April 30th. Berenberg Bank set a €40.00 ($45.45) price target on shares of RIB Software and gave the stock a buy rating in a report on Tuesday, May 1st. Finally, Warburg Research set a €18.50 ($21.02) price target on shares of RIB Software and gave the stock a neutral rating in a report on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €25.80 ($29.32).
ETR RIB opened at €20.90 ($23.75) on Friday. RIB Software has a 12-month low of €11.43 ($12.99) and a 12-month high of €35.16 ($39.95).
RIB Software SE designs, develops, and sells software solutions for the construction industry worldwide. Its solutions include iTWO, a software eco-system that helps digitalize enterprises in the building and construction industries; RIBTEC, an integrated software that allows structural member design and CAD/FEM-applications at the same time for structural and soil engineering, as well as for tunnel and bridge constructions; and RIB STRATIS, a software solution for the design, quantity calculation, execution, invoicing, and inventory management in road building, civil engineering, and surveying sectors.
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