Bechtle AG (ETR:BC8) Receives Average Recommendation of “Hold” from Analysts
Bechtle AG (ETR:BC8) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is €93.44 ($108.66).
A number of brokerages have recently issued reports on BC8. Baader Bank set a €112.00 ($130.23) price objective on shares of Bechtle and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Hauck & Aufhaeuser set a €61.00 ($70.93) price objective on shares of Bechtle and gave the stock a “sell” rating in a research report on Tuesday. DZ Bank reaffirmed a “neutral” rating on shares of Bechtle in a research report on Tuesday, May 21st. Warburg Research set a €21.50 ($25.00) price objective on shares of Infineon Technologies and gave the stock a “neutral” rating in a research report on Tuesday, June 18th. Finally, Kepler Capital Markets set a €150.00 ($174.42) price objective on shares of Continental and gave the stock a “neutral” rating in a research report on Friday, May 10th.
Shares of Bechtle stock traded down €2.30 ($2.67) on Friday, reaching €100.00 ($116.28). The stock had a trading volume of 121,638 shares, compared to its average volume of 54,276. The firm’s 50 day moving average price is €100.95. The company has a quick ratio of 1.37, a current ratio of 2.02 and a debt-to-equity ratio of 42.79. Bechtle has a 1 year low of €62.05 ($72.15) and a 1 year high of €110.80 ($128.84). The stock has a market cap of $4.20 billion and a PE ratio of 29.17.
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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