Bechtle AG (BC8) Receives Average Recommendation of “Hold” from Analysts

Shares of Bechtle AG (ETR:BC8) have been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is €85.88 ($99.85).

BC8 has been the topic of a number of research analyst reports. Warburg Research set a €93.00 ($108.14) price target on Bechtle and gave the stock a “buy” rating in a research note on Thursday, July 12th. Hauck & Aufhaeuser set a €61.00 ($70.93) price target on Bechtle and gave the stock a “sell” rating in a research note on Thursday, July 12th. Kepler Capital Markets set a €80.00 ($93.02) price target on Bechtle and gave the stock a “buy” rating in a research note on Friday, August 10th. Baader Bank set a €92.00 ($106.98) price target on Bechtle and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, Berenberg Bank set a €96.00 ($111.63) price target on Bechtle and gave the stock a “buy” rating in a research note on Thursday, July 12th.

BC8 traded up €0.80 ($0.93) during trading on Friday, hitting €89.65 ($104.24). The company’s stock had a trading volume of 90,215 shares, compared to its average volume of 54,276. Bechtle has a twelve month low of €48.83 ($56.78) and a twelve month high of €75.40 ($87.67).

About Bechtle

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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Analyst Recommendations for Bechtle (ETR:BC8)

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