DZ Bank Reaffirms “Neutral” Rating for Bechtle (ETR:BC8)

Bechtle (ETR:BC8)‘s stock had its “neutral” rating reiterated by analysts at DZ Bank in a note issued to investors on Wednesday, Borsen Zeitung reports.

BC8 has been the subject of a number of other reports. Kepler Capital Markets set a €87.00 ($101.16) price objective on shares of Bechtle and gave the stock a “neutral” rating in a report on Friday, May 10th. Independent Research set a €100.00 ($116.28) price objective on shares of Bechtle and gave the stock a “neutral” rating in a report on Wednesday. Warburg Research set a €110.00 ($127.91) price objective on shares of Bechtle and gave the stock a “buy” rating in a report on Monday. Baader Bank set a €112.00 ($130.23) price objective on shares of Bechtle and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Berenberg Bank set a €85.00 ($98.84) price objective on shares of Bechtle and gave the stock a “neutral” rating in a report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of €93.00 ($108.14).

Bechtle stock traded down €1.75 ($2.03) during mid-day trading on Wednesday, reaching €88.00 ($102.33). The company’s stock had a trading volume of 95,388 shares, compared to its average volume of 54,276. The stock has a fifty day moving average of €100.25. The firm has a market cap of $3.70 billion and a P/E ratio of 25.67. The company has a quick ratio of 1.37, a current ratio of 2.02 and a debt-to-equity ratio of 50.91. Bechtle has a 12-month low of €62.05 ($72.15) and a 12-month high of €110.80 ($128.84).

Bechtle Company Profile

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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