Warburg Research Reiterates “€110.00” Price Target for Bechtle (ETR:BC8)

Warburg Research set a €110.00 ($127.91) target price on Bechtle (ETR:BC8) in a report issued on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently commented on BC8. HSBC set a €110.00 ($127.91) price target on Bechtle and gave the stock a buy rating in a research report on Thursday, June 6th. Independent Research set a €104.00 ($120.93) price target on Bechtle and gave the stock a neutral rating in a research report on Tuesday, May 14th. Hauck & Aufhaeuser set a €61.00 ($70.93) price target on Bechtle and gave the stock a sell rating in a research report on Friday, August 9th. Kepler Capital Markets set a €87.00 ($101.16) price target on Bechtle and gave the stock a neutral rating in a research report on Friday, May 10th. Finally, Baader Bank set a €112.00 ($130.23) price target on Bechtle and gave the stock a neutral rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of Hold and an average price target of €93.00 ($108.14).

Shares of BC8 opened at €85.65 ($99.59) on Monday. The company has a debt-to-equity ratio of 50.91, a quick ratio of 1.37 and a current ratio of 2.02. Bechtle has a one year low of €62.05 ($72.15) and a one year high of €110.80 ($128.84). The stock has a market capitalization of $3.60 billion and a price-to-earnings ratio of 24.99. The stock has a 50 day moving average price of €99.78 and a 200 day moving average price of €90.79.

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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