Brokerages Set Bechtle AG (BC8) PT at $59.80
Shares of Bechtle AG (ETR:BC8) have been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month 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 research reports. Baader Bank set a €58.00 ($68.24) target price on shares of Bechtle AG and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Commerzbank Ag set a €52.50 ($61.76) target price on shares of Bechtle AG and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Independent Research GmbH set a €60.00 ($70.59) target price on shares of Bechtle AG and gave the stock a “neutral” rating in a research report on Friday, August 11th. Kepler Capital Markets set a €65.00 ($76.47) target price on shares of Bechtle AG and gave the stock a “buy” rating in a research report on Thursday, September 14th. Finally, DZ Bank AG reiterated a “neutral” rating on shares of Bechtle AG in a research report on Wednesday, August 16th.
Bechtle AG (ETR:BC8) traded up 0.27% on Thursday, hitting €68.80. 350 shares of the company were exchanged. The stock has a 50 day moving average price of €64.97 and a 200 day moving average price of €58.71. Bechtle AG has a one year low of €42.61 and a one year high of €70.55. The firm has a market cap of €2.89 billion and a price-to-earnings ratio of 26.50.
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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