Commerzbank set a €97.00 ($112.79) target price on Bechtle (ETR:BC8) in a research report released on Friday morning. The firm currently has a buy rating on the stock.
Other analysts have also issued research reports about the stock. Warburg Research set a €93.00 ($108.14) price objective on shares of Bechtle and gave the stock a buy rating in a research note on Thursday, July 12th. Berenberg Bank set a €96.00 ($111.63) price objective on shares of Bechtle and gave the stock a buy rating in a research note on Thursday, July 12th. Baader Bank set a €83.00 ($96.51) price objective on shares of Bechtle and gave the stock a buy rating in a research note on Tuesday, July 10th. Finally, Kepler Capital Markets set a €80.00 ($93.02) price objective on shares of Bechtle and gave the stock a buy rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €87.11 ($101.29).
Shares of ETR:BC8 traded up €0.55 ($0.64) during midday trading on Friday, reaching €78.25 ($90.99). The company’s stock had a trading volume of 209,492 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).
Bechtle Company Profile
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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