Bechtle AG (BC8) Given Consensus Recommendation of “Hold” by Brokerages

Bechtle AG (ETR:BC8) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is €67.92 ($80.85).

Several equities analysts have recently issued reports on BC8 shares. Kepler Capital Markets set a €65.00 ($77.38) price objective on Bechtle and gave the company a “buy” rating in a report on Friday, November 10th. Warburg Research set a €80.00 ($95.24) price target on Bechtle and gave the stock a “buy” rating in a report on Monday, November 13th. Baader Bank set a €58.00 ($69.05) price target on Bechtle and gave the stock a “neutral” rating in a report on Thursday, October 19th. Commerzbank set a €52.50 ($62.50) price target on Bechtle and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Berenberg Bank set a €80.00 ($95.24) price target on Bechtle and gave the stock a “buy” rating in a report on Wednesday, November 8th.

Shares of Bechtle (ETR:BC8) traded up €0.40 ($0.48) during mid-day trading on Tuesday, hitting €73.05 ($86.96). The stock had a trading volume of 78,707 shares, compared to its average volume of 53,343. The firm has a market cap of $3,050.00 and a PE ratio of 27.16. Bechtle has a fifty-two week low of €46.23 ($55.04) and a fifty-two week high of €73.18 ($87.12).

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Bechtle Company Profile

Bechtle AG provides information technology services in Germany and internationally. The company operates through 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 roll-out, system integration, IT services and training, cloud, and IT operation services.

Analyst Recommendations for Bechtle (ETR:BC8)

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