Bechtle AG (BC8) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Bechtle AG (ETR:BC8) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is €67.92 ($80.85).
A number of equities research analysts have recently issued reports on the company. Independent Research set a €72.00 ($85.71) price target on Bechtle and gave the company a “neutral” rating in a research report on Tuesday, November 14th. DZ Bank restated a “neutral” rating on shares of Bechtle in a research report on Monday, November 13th. Kepler Capital Markets set a €65.00 ($77.38) price target on Bechtle and gave the company a “buy” rating in a research report on Friday, November 10th. Commerzbank set a €52.50 ($62.50) price target on Bechtle and gave the company a “neutral” rating in a research report on Friday, November 10th. Finally, Berenberg Bank set a €80.00 ($95.24) price target on Bechtle and gave the company a “buy” rating in a research report on Wednesday, November 8th.
Bechtle (ETR:BC8) traded up €0.40 ($0.48) during trading hours on Tuesday, reaching €73.05 ($86.96). The company’s stock had a trading volume of 78,707 shares, compared to its average volume of 53,343. Bechtle has a 52 week low of €46.23 ($55.04) and a 52 week high of €73.18 ($87.12). The stock has a market cap of $3,050.00 and a price-to-earnings ratio of 27.16.
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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