RIB Software SE (ETR:RIB) received a €21.30 ($25.06) price objective from equities researchers at Berenberg Bank in a research report issued on Monday, November 6th. The firm currently has a “neutral” rating on the stock. Berenberg Bank’s price target points to a potential upside of 6.85% from the company’s previous close.
RIB has been the topic of several other research reports. Warburg Research restated a “buy” rating on shares of RIB Software in a report on Wednesday, August 23rd. Hauck & Aufhaeuser set a €16.00 ($18.82) price objective on shares of RIB Software and gave the stock a “buy” rating in a report on Monday, July 31st. Kepler Capital Markets set a €22.00 ($25.88) price objective on shares of RIB Software and gave the stock a “buy” rating in a report on Monday, October 30th. equinet AG set a €16.50 ($19.41) target price on shares of RIB Software and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, UBS AG set a €12.60 ($14.82) price objective on shares of RIB Software and gave the stock a “neutral” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of €20.07 ($23.61).
RIB Software (RIB) traded down €0.15 ($0.18) during mid-day trading on Monday, hitting €19.94 ($23.45). 102,256 shares of the company traded hands, compared to its average volume of 261,219. RIB Software has a 1-year low of €11.40 ($13.41) and a 1-year high of €21.50 ($25.29).
About RIB Software
RIB Software SE designs, develops, and sells software solutions for the construction industry worldwide. Its solutions include iTWO, a software eco-system that helps digitalize enterprises in the building and construction industries; RIBTEC, an integrated software that allows structural member design and CAD/FEM-applications at the same time for structural and soil engineering, as well as for tunnel and bridge constructions; and RIB STRATIS, a software solution for the design, quantity calculation, execution, invoicing, and inventory management in road building, civil engineering, and surveying sectors.
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