Bechtle AG (BC8) Given Consensus Rating of “Hold” by Brokerages

Shares of Bechtle AG (ETR:BC8) have earned an average rating of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is €86.49 ($100.57).

Several brokerages recently commented on BC8. Independent Research set a €80.00 ($93.02) target price on Bechtle and gave the company a “neutral” rating in a report on Friday, November 16th. Baader Bank set a €92.00 ($106.98) price target on Bechtle and gave the company a “buy” rating in a research note on Friday, November 16th. Deutsche Bank set a €65.00 ($75.58) price target on Bechtle and gave the company a “neutral” rating in a research note on Thursday, November 15th. Hauck & Aufhaeuser set a €63.90 ($74.30) price target on Bechtle and gave the company a “sell” rating in a research note on Thursday, November 15th. Finally, Kepler Capital Markets set a €98.00 ($113.95) price target on Bechtle and gave the company a “buy” rating in a research note on Wednesday, November 14th.

BC8 stock traded down €0.55 ($0.64) during trading on Friday, hitting €69.00 ($80.23). The company had a trading volume of 98,650 shares, compared to its average volume of 54,276. Bechtle has a one year low of €48.83 ($56.78) and a one year high of €75.40 ($87.67).

About Bechtle

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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Analyst Recommendations for Bechtle (ETR:BC8)

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