Bechtle AG (BC8) Receives Average Rating of “Hold” from Analysts
Bechtle AG (ETR:BC8) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is €59.80 ($70.35).
BC8 has been the topic of a number of recent analyst reports. Baader Bank set a €112.00 ($131.76) target price on shares of Bechtle AG and gave the company a “neutral” rating in a research report on Tuesday, July 11th. Independent Research GmbH set a €60.00 ($70.59) target price on shares of Bechtle AG and gave the company a “neutral” rating in a research report on Friday, August 11th. Warburg Research set a €63.50 ($74.71) target price on shares of Bechtle AG and gave the company a “buy” rating in a research report on Monday, August 14th. DZ Bank AG reaffirmed a “neutral” rating on shares of Bechtle AG in a research report on Wednesday, August 16th. Finally, Kepler Capital Markets set a €65.00 ($76.47) target price on shares of Bechtle AG and gave the company a “buy” rating in a research report on Thursday, September 14th.
Shares of Bechtle AG (ETR:BC8) traded down 2.00% during midday trading on Thursday, hitting €67.54. 375 shares of the stock were exchanged. Bechtle AG has a 12 month low of €42.61 and a 12 month high of €70.55. The stock has a 50 day moving average price of €63.76 and a 200-day moving average price of €58.15. The company has a market cap of €2.84 billion and a PE ratio of 26.02.
About Bechtle AG
Bechtle AG provides information technology services in Germany and internationally. The company operates through 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 roll-out, system integration, IT services and training, cloud, and IT operation services.
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