Bechtle (ETR:BC8) received a €72.00 ($88.89) price target from Independent Research in a report issued on Monday. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price points to a potential upside of 3.52% from the stock’s previous close.
BC8 has been the topic of several other reports. DZ Bank reaffirmed a “neutral” rating on shares of Bechtle in a report on Monday, November 13th. Commerzbank set a €52.50 ($64.81) target price on shares of Bechtle and gave the company a “neutral” rating in a research note on Thursday, October 26th. Baader Bank set a €58.00 ($71.60) price objective on shares of Bechtle and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Warburg Research set a €80.00 ($98.77) price objective on shares of Bechtle and gave the stock a “buy” rating in a research report on Monday. Finally, Berenberg Bank set a €80.00 ($98.77) price objective on shares of Bechtle and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Bechtle currently has a consensus rating of “Hold” and a consensus target price of €67.92 ($83.85).
Bechtle (BC8) opened at €69.55 ($85.86) on Monday. The company has a market cap of $2,920.00 and a P/E ratio of 25.86. Bechtle has a 52 week low of €47.33 ($58.43) and a 52 week high of €75.40 ($93.09).
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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