Baader Bank Reiterates €112.00 Price Target for Bechtle (ETR:BC8)
Baader Bank set a €112.00 ($130.23) price objective on Bechtle (ETR:BC8) in a research note released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research firms have also recently commented on BC8. HSBC set a €110.00 ($127.91) price target on shares of Bechtle and gave the company a buy rating in a research note on Thursday, June 6th. Hauck & Aufhaeuser set a €38.00 ($44.19) price target on shares of Dialog Semiconductor and gave the company a buy rating in a research note on Monday, June 17th. Berenberg Bank reissued a buy rating and set a GBX 340 ($4.44) price target on shares of Stock Spirits Group in a research note on Tuesday, May 14th. Deutsche Bank cut shares of Everest Re Group from a buy rating to a hold rating in a research note on Thursday, March 28th. Finally, Independent Research set a €104.00 ($120.93) price target on shares of Bechtle and gave the company a neutral rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Bechtle has an average rating of Hold and a consensus target price of €93.44 ($108.66).
BC8 opened at €101.40 ($117.91) on Tuesday. Bechtle has a one year low of €62.05 ($72.15) and a one year high of €110.80 ($128.84). The company has a debt-to-equity ratio of 42.79, a current ratio of 2.02 and a quick ratio of 1.37. The firm’s 50 day moving average is €101.71. The company has a market capitalization of $4.26 billion and a PE ratio of 29.58.
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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