Bechtle (ETR:BC8) Given a €110.00 Price Target by Warburg Research Analysts

Warburg Research set a €110.00 ($127.91) target price on Bechtle (ETR:BC8) in a research report report published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. DZ Bank restated a neutral rating on shares of Bechtle in a research report on Tuesday, May 21st. HSBC set a €110.00 ($127.91) target price on Bechtle and gave the company a buy rating in a research report on Thursday, June 6th. Hauck & Aufhaeuser set a €61.00 ($70.93) target price on Bechtle and gave the company a sell rating in a research report on Friday. Independent Research set a €104.00 ($120.93) target price on Bechtle and gave the company a neutral rating in a research report on Tuesday, May 14th. Finally, Baader Bank set a €112.00 ($130.23) target price on Bechtle and gave the company a neutral rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Bechtle presently has a consensus rating of Hold and a consensus target price of €93.44 ($108.66).

Shares of ETR:BC8 traded down €3.45 ($4.01) during trading on Monday, reaching €87.80 ($102.09). 102,692 shares of the company’s stock traded hands, compared to its average volume of 54,276. Bechtle has a fifty-two week low of €62.05 ($72.15) and a fifty-two week high of €110.80 ($128.84). The company has a current ratio of 2.02, a quick ratio of 1.37 and a debt-to-equity ratio of 50.91. The stock has a market cap of $3.69 billion and a price-to-earnings ratio of 25.61. The stock has a 50-day simple moving average of €100.40.

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.

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Analyst Recommendations for Bechtle (ETR:BC8)

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