Bechtle (ETR:BC8) PT Set at €92.00 by Baader Bank

Baader Bank set a €92.00 ($106.98) price objective on Bechtle (ETR:BC8) in a research report sent to investors on Thursday, April 11th, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on BC8. Kepler Capital Markets set a €76.00 ($88.37) price target on Bechtle and gave the company a neutral rating in a research report on Thursday, March 14th. Warburg Research set a €100.00 ($116.28) price objective on Bechtle and gave the company a buy rating in a report on Tuesday, March 19th. DZ Bank reissued a neutral rating on shares of Bechtle in a report on Monday, March 18th. Deutsche Bank set a €75.00 ($87.21) price objective on Bechtle and gave the company a neutral rating in a report on Thursday, March 28th. Finally, Hauck & Aufhaeuser set a €63.00 ($73.26) price objective on Bechtle and gave the company a sell rating in a report on Thursday, March 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of €84.88 ($98.69).

ETR BC8 traded up €0.20 ($0.23) during trading hours on Thursday, hitting €91.50 ($106.40). The company had a trading volume of 55,558 shares, compared to its average volume of 54,276. Bechtle has a 52 week low of €62.05 ($72.15) and a 52 week high of €91.70 ($106.63). The company has a quick ratio of 1.55, a current ratio of 2.01 and a debt-to-equity ratio of 44.56. The company has a market cap of $3.84 billion and a P/E ratio of 28.02.

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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