Berenberg Bank set a €20.00 ($23.26) price objective on RIB Software (ETR:RIB) in a research report report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on the stock. Warburg Research set a €17.00 ($19.77) price target on shares of RIB Software and gave the stock a buy rating in a research note on Thursday, February 14th. Kepler Capital Markets set a €14.00 ($16.28) price target on shares of RIB Software and gave the stock a buy rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. RIB Software presently has a consensus rating of Buy and an average target price of €18.96 ($22.05).
Shares of RIB Software stock traded up €0.06 ($0.07) during trading hours on Wednesday, hitting €16.75 ($19.48). The company had a trading volume of 340,952 shares, compared to its average volume of 318,804. RIB Software has a twelve month low of €8.88 ($10.33) and a twelve month high of €22.96 ($26.70). The company has a current ratio of 5.22, a quick ratio of 5.12 and a debt-to-equity ratio of 1.17. The stock has a market cap of $837.22 million and a price-to-earnings ratio of 39.88.
RIB Software Company Profile
RIB Software SE creates, develops, and sells software solutions for the construction enterprises and projects across various industries worldwide. Its solutions include iTWO Civil, a CAD software for highway, earthwork, and sewer construction; iTWO e-tendering platform that provides e-business and e-tendering solutions for construction and supply services; and RIBTEC, an integrated software that allows structural engineers in structural designing of building and ground engineering, finite element calculation, and tunnel and bridge construction, as well as drawing of formwork and reinforcement plans.
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