Warburg Research set a €110.00 ($127.91) price objective on Bechtle (ETR:BC8) in a report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
BC8 has been the subject of a number of other research reports. Kepler Capital Markets set a €87.00 ($101.16) target price on Bechtle and gave the stock a neutral rating in a report on Friday, May 10th. HSBC set a €110.00 ($127.91) target price on Bechtle and gave the stock a buy rating in a report on Thursday, June 6th. Independent Research set a €104.00 ($120.93) target price on Bechtle and gave the stock a neutral rating in a report on Tuesday, May 14th. Hauck & Aufhaeuser set a €61.00 ($70.93) target price on Bechtle and gave the stock a sell rating in a report on Friday, August 9th. Finally, DZ Bank reaffirmed a neutral rating on shares of Bechtle in a report on Tuesday, May 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of €93.00 ($108.14).
Bechtle stock opened at €85.65 ($99.59) on Monday. The company has a quick ratio of 1.37, a current ratio of 2.02 and a debt-to-equity ratio of 50.91. 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 market capitalization of $3.60 billion and a price-to-earnings ratio of 24.99. The stock has a 50-day moving average price of €99.78 and a 200 day moving average price of €90.79.
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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