Baader Bank set a €112.00 ($130.23) price target on Bechtle (ETR:BC8) in a research report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other equities research analysts also recently issued reports on the stock. Kepler Capital Markets set a €150.00 ($174.42) price objective on shares of Continental and gave the stock a neutral rating in a research report on Friday, May 10th. Warburg Research set a €21.50 ($25.00) target price on shares of Infineon Technologies and gave the company a neutral rating in a research report on Tuesday, June 18th. Berenberg Bank reaffirmed a buy rating and issued a GBX 340 ($4.44) target price on shares of Stock Spirits Group in a research report on Tuesday, May 14th. Deutsche Bank downgraded shares of Everest Re Group from a buy rating to a hold rating in a research report on Thursday, March 28th. Finally, Independent Research set a €104.00 ($120.93) target price on shares of Bechtle and gave the company a neutral rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of €93.44 ($108.66).
Shares of BC8 stock opened at €101.40 ($117.91) on Tuesday. The stock’s fifty day moving average is €101.71. The company has a debt-to-equity ratio of 42.79, a current ratio of 2.02 and a quick ratio of 1.37. Bechtle has a 12-month low of €62.05 ($72.15) and a 12-month high of €110.80 ($128.84). The company has a market capitalization of $4.26 billion and a P/E ratio of 29.58.
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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