Bechtle (BC8) Given a €80.00 Price Target at Warburg Research
Bechtle (ETR:BC8) has been assigned a €80.00 ($98.77) price objective by Warburg Research in a report issued on Monday. The brokerage presently has a “buy” rating on the stock. Warburg Research’s price target points to a potential upside of 15.19% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. DZ Bank reiterated a “neutral” rating on shares of Bechtle in a report on Thursday, January 25th. Independent Research set a €72.00 ($88.89) price objective on Bechtle and gave the company a “neutral” rating in a report on Tuesday, November 14th. Commerzbank set a €52.50 ($64.81) price objective on Bechtle and gave the company a “neutral” rating in a report on Thursday, October 26th. Baader Bank set a €58.00 ($71.60) price objective on Bechtle and gave the company a “neutral” rating in a report on Friday, November 10th. Finally, Berenberg Bank set a €80.00 ($98.77) price objective on Bechtle and gave the company a “buy” rating in a report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of €67.92 ($83.85).
Shares of Bechtle (ETR:BC8) opened at €69.45 ($85.74) on Monday. The company has a market capitalization of $2,920.00 and a PE ratio of 25.82. Bechtle has a fifty-two week low of €47.33 ($58.43) and a fifty-two week high of €75.40 ($93.09).
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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