Bechtle (ETR:BC8) received a €72.00 ($88.89) target price from research analysts at Independent Research in a report issued on Monday, February 12th. The brokerage currently has a “neutral” rating on the stock. Independent Research’s target price indicates a potential upside of 0.84% from the company’s current price.
Several other analysts have also recently issued reports on BC8. Warburg Research set a €80.00 ($98.77) price objective on Bechtle and gave the stock a “buy” rating in a report on Monday, February 12th. Baader Bank set a €58.00 ($71.60) price objective on Bechtle and gave the stock a “neutral” rating in a report on Thursday, October 19th. DZ Bank reaffirmed a “neutral” rating on shares of Bechtle in a report on Thursday, January 25th. Berenberg Bank set a €80.00 ($98.77) price objective on Bechtle and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Commerzbank set a €52.50 ($64.81) price objective on Bechtle and gave the stock a “neutral” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of €67.92 ($83.85).
Bechtle (BC8) opened at €71.25 ($87.96) on Monday. The firm has a market cap of $2,990.00 and a price-to-earnings ratio of 26.49. Bechtle has a 52-week low of €48.13 ($59.42) and a 52-week high of €75.40 ($93.09).
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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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