Warburg Research Reiterates €80.00 Price Target for Bechtle (BC8)
Bechtle (ETR:BC8) has been assigned a €80.00 ($98.77) target price by Warburg Research in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Warburg Research’s price target would indicate a potential upside of 15.44% from the company’s current price.
A number of other equities analysts also recently issued reports on the company. Independent Research set a €72.00 ($88.89) price objective on Bechtle and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. DZ Bank restated a “neutral” rating on shares of Bechtle in a research report on Monday, November 13th. Kepler Capital Markets set a €65.00 ($80.25) price objective on Bechtle and gave the stock a “buy” rating in a research report on Friday, November 10th. Commerzbank set a €52.50 ($64.81) price objective on Bechtle and gave the stock a “neutral” rating in a research report on Friday, November 10th. Finally, Berenberg Bank set a €80.00 ($98.77) price objective on 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. The stock has an average rating of “Hold” and a consensus target price of €67.92 ($83.85).
Bechtle (BC8) opened at €69.30 ($85.56) on Monday. Bechtle has a 1 year low of €47.33 ($58.43) and a 1 year high of €75.40 ($93.09). The stock has a market capitalization of $2,910.00 and a PE ratio of 25.76.
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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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