Bechtle AG (BC8) Receives Average Rating of “Hold” from Analysts

Bechtle AG (ETR:BC8) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is €83.50 ($97.09).

BC8 has been the topic of several recent analyst reports. Hauck & Aufhaeuser set a €63.90 ($74.30) price target on shares of Bechtle and gave the stock a “neutral” rating in a research note on Monday, January 7th. Baader Bank set a €92.00 ($106.98) target price on shares of Bechtle and gave the company a “buy” rating in a research report on Wednesday, February 6th. Warburg Research set a €100.00 ($116.28) target price on shares of Bechtle and gave the company a “buy” rating in a research report on Tuesday, March 19th. Kepler Capital Markets set a €76.00 ($88.37) target price on shares of Bechtle and gave the company a “neutral” rating in a research report on Thursday, March 14th. Finally, DZ Bank reissued a “neutral” rating on shares of Bechtle in a research report on Monday, March 18th.

BC8 stock traded up €0.55 ($0.64) during trading on Thursday, hitting €85.50 ($99.42). The company had a trading volume of 51,151 shares, compared to its average volume of 54,276. The company has a market capitalization of $3.59 billion and a PE ratio of 26.19. Bechtle has a 52-week low of €62.05 ($72.15) and a 52-week high of €90.65 ($105.41). The company has a debt-to-equity ratio of 44.56, a current ratio of 2.01 and a quick ratio of 1.55.

Bechtle Company Profile

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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