Bechtle AG (BC8) Given Consensus Recommendation of “Hold” by Analysts

Shares of Bechtle AG (ETR:BC8) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is €87.11 ($101.29).

A number of equities research analysts have recently commented on the stock. Kepler Capital Markets set a €98.00 ($113.95) price objective on shares of Bechtle and gave the company a “buy” rating in a research note on Tuesday, August 21st. Baader Bank set a €83.00 ($96.51) price objective on shares of Bechtle and gave the company a “buy” rating in a research note on Tuesday, August 7th. Warburg Research set a €93.00 ($108.14) price objective on shares of Bechtle and gave the company a “buy” rating in a research note on Friday, August 10th. Hauck & Aufhaeuser set a €61.00 ($70.93) price objective on shares of Bechtle and gave the company a “sell” rating in a research note on Monday, August 13th. Finally, Independent Research set a €90.00 ($104.65) target price on shares of Bechtle and gave the stock a “neutral” rating in a research note on Monday, August 13th.

Shares of ETR:BC8 traded down €0.95 ($1.10) during trading on Monday, reaching €78.70 ($91.51). The stock had a trading volume of 85,333 shares, compared to its average volume of 54,276. Bechtle has a 52 week low of €48.83 ($56.78) and a 52 week high of €75.40 ($87.67).

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.

Recommended Story: Consumer behavior in bull markets

Analyst Recommendations for Bechtle (ETR:BC8)

Receive News & Ratings for Bechtle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bechtle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply