Independent Research set a €104.00 ($120.93) price target on Bechtle (ETR:BC8) in a report issued on Tuesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Other equities analysts have also issued research reports about the stock. Baader Bank set a €92.00 ($106.98) price target on shares of Bechtle and gave the company a buy rating in a report on Thursday, March 21st. Warburg Research set a €100.00 ($116.28) price target on shares of Bechtle and gave the company a buy rating in a report on Tuesday, March 19th. HSBC set a €106.00 ($123.26) price target on shares of Bechtle and gave the company a buy rating in a report on Thursday, May 9th. DZ Bank reissued a neutral rating on shares of Bechtle in a report on Monday, March 18th. Finally, Kepler Capital Markets set a €76.00 ($88.37) price target on shares of Bechtle and gave the company a neutral rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of €91.00 ($105.81).
Shares of BC8 stock opened at €104.60 ($121.63) on Tuesday. Bechtle has a 12-month low of €62.05 ($72.15) and a 12-month high of €100.60 ($116.98). The firm has a market capitalization of $4.39 billion and a PE ratio of 32.04. 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 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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