Bechtle (ETR:BC8) Given a €100.00 Price Target by Independent Research Analysts

Independent Research set a €100.00 ($116.28) price target on Bechtle (ETR:BC8) in a research note released on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on BC8. Hauck & Aufhaeuser set a €61.00 ($70.93) price target on Bechtle and gave the company a sell rating in a research note on Friday, August 9th. DZ Bank reiterated a neutral rating on shares of Bechtle in a research note on Tuesday, May 21st. Berenberg Bank set a €85.00 ($98.84) price target on Bechtle and gave the company a neutral rating in a research note on Tuesday, May 14th. Warburg Research set a €110.00 ($127.91) price target on Bechtle and gave the company a buy rating in a research note on Monday, August 12th. Finally, Kepler Capital Markets set a €87.00 ($101.16) price target on Bechtle and gave the company a neutral rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of €93.00 ($108.14).

Bechtle stock opened at €86.75 ($100.87) on Wednesday. The stock has a 50-day moving average of €99.52 and a two-hundred day moving average of €90.77. The company has a debt-to-equity ratio of 51.72, a quick ratio of 1.32 and a current ratio of 2.00. 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 cap of $3.64 billion and a PE ratio of 23.90.

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.

Further Reading: What is the Quick Ratio?

Analyst Recommendations for Bechtle (ETR:BC8)

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