Bechtle AG (BC8) Receives Consensus Recommendation of “Hold” from Brokerages
Bechtle AG (ETR:BC8) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is €82.10 ($97.74).
BC8 has been the topic of a number of recent research reports. DZ Bank AG reaffirmed a “neutral” rating on shares of Bechtle AG in a report on Saturday, May 20th. Baader Bank set a €112.00 ($133.33) price objective on Bechtle AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Commerzbank Ag set a €105.00 ($125.00) price objective on Bechtle AG and gave the company a “neutral” rating in a report on Saturday, May 20th. Kepler Capital Markets set a €126.00 ($150.00) price objective on Bechtle AG and gave the company a “buy” rating in a report on Friday, June 23rd. Finally, Independent Research GmbH set a €60.00 ($71.43) price objective on Bechtle AG and gave the company a “neutral” rating in a report on Friday, August 11th.
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Shares of Bechtle AG (BC8) traded up 0.364% during mid-day trading on Wednesday, hitting €58.753. The company had a trading volume of 110 shares. Bechtle AG has a 12-month low of €56.50 and a 12-month high of €116.16. The firm’s 50 day moving average is €66.54 and its 200-day moving average is €96.11. The firm has a market cap of €2.47 billion and a PE ratio of 22.632.
Bechtle AG Company Profile
Bechtle AG provides information technology services in Germany and internationally. The company operates through 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 roll-out, system integration, IT services and training, cloud, and IT operation services.
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