Bechtle (ETR:BC8) received a €67.00 ($78.82) price objective from analysts at Warburg Research in a research report issued on Thursday, Borsen Zeitung reports. Warburg Research’s target price would indicate a potential upside of 17.87% from the stock’s previous close.
A number of other brokerages have also commented on BC8. Baader Bank set a €70.00 ($82.35) price target on Bechtle in a research note on Wednesday. Kepler Capital Markets set a €194.00 ($228.24) price target on Bechtle in a research note on Thursday, August 12th. Jefferies Financial Group set a €172.00 ($202.35) price objective on Bechtle in a research report on Thursday, August 12th. Deutsche Bank Aktiengesellschaft set a €170.00 ($200.00) price target on Bechtle in a research report on Friday, August 13th. Finally, Berenberg Bank set a €58.00 ($68.24) price target on Bechtle in a research report on Wednesday, August 18th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of €121.50 ($142.94).
Shares of Bechtle stock opened at €56.84 ($66.87) on Thursday. The company has a debt-to-equity ratio of 41.13, a quick ratio of 1.27 and a current ratio of 1.87. Bechtle has a 52-week low of €47.87 ($56.31) and a 52-week high of €67.88 ($79.86). The stock has a market capitalization of $7.16 billion and a price-to-earnings ratio of 33.10. The company’s 50 day moving average price is €78.52 and its 200-day moving average price is €132.12.
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 selling, project planning and implementation, system integration, IT services, and training for IT operation.
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