Bechtle (ETR:BC8) PT Set at €105.00 by Berenberg Bank

Bechtle (ETR:BC8) received a €105.00 ($122.09) target price from analysts at Berenberg Bank in a report released on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Berenberg Bank’s price target indicates a potential downside of 10.94% from the company’s current price.

BC8 has been the subject of several other reports. Baader Bank set a €112.00 ($130.23) target price on Bechtle and gave the company a “buy” rating in a research note on Wednesday. HSBC set a €110.00 ($127.91) target price on Bechtle and gave the company a “buy” rating in a research note on Friday, September 20th. Warburg Research set a €110.00 ($127.91) price target on Bechtle and gave the company a “buy” rating in a research report on Wednesday. Independent Research set a €100.00 ($116.28) price target on Bechtle and gave the company a “neutral” rating in a research report on Wednesday, August 14th. Finally, DZ Bank reissued a “neutral” rating on shares of Bechtle in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Bechtle presently has a consensus rating of “Hold” and an average target price of €94.88 ($110.32).

Bechtle stock opened at €117.90 ($137.09) on Thursday. The firm has a market capitalization of $4.95 billion and a P/E ratio of 32.48. The stock has a fifty day moving average price of €97.48 and a 200 day moving average price of €97.18. Bechtle has a 52 week low of €62.05 ($72.15) and a 52 week high of €110.80 ($128.84). The company has a current ratio of 2.00, a quick ratio of 1.32 and a debt-to-equity ratio of 51.72.

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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