Berenberg Bank Analysts Give RIB Software (RIB) a €21.30 Price Target
RIB Software (ETR:RIB) has been assigned a €21.30 ($25.36) price objective by Berenberg Bank in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 10.13% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Warburg Research reaffirmed a “buy” rating on shares of RIB Software in a report on Wednesday, August 23rd. Kepler Capital Markets set a €22.00 ($26.19) price objective on RIB Software and gave the company a “buy” rating in a report on Monday, October 30th. UBS set a €15.10 ($17.98) price objective on RIB Software and gave the company a “neutral” rating in a report on Friday, October 6th. Hauck & Aufhaeuser set a €21.50 ($25.60) price objective on RIB Software and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, equinet set a €16.50 ($19.64) price objective on RIB Software and gave the company a “buy” rating in a report on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. RIB Software presently has a consensus rating of “Buy” and an average price target of €20.07 ($23.89).
RIB Software (ETR:RIB) opened at €19.34 ($23.02) on Friday. RIB Software has a fifty-two week low of €11.40 ($13.57) and a fifty-two week high of €21.50 ($25.60).
About RIB Software
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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