HSBC Analysts Give Bechtle (ETR:BC8) a €110.00 Price Target

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

A number of other research analysts also recently commented on BC8. DZ Bank reissued a neutral rating on shares of Bechtle in a report on Thursday, September 12th. Warburg Research set a €110.00 ($127.91) price target on Bechtle and gave the company a buy rating in a report on Wednesday, September 18th. Hauck & Aufhaeuser set a €60.00 ($69.77) price target on Bechtle and gave the company a sell rating in a report on Monday, August 19th. Independent Research set a €100.00 ($116.28) price target on Bechtle and gave the company a neutral rating in a report on Wednesday, August 14th. Finally, Baader Bank set a €112.00 ($130.23) price target on Bechtle and gave the company a buy rating in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Bechtle currently has an average rating of Hold and an average target price of €92.89 ($108.01).

Shares of ETR BC8 opened at €95.50 ($111.05) on Friday. Bechtle has a 1-year low of €62.05 ($72.15) and a 1-year high of €110.80 ($128.84). The business has a 50-day moving average of €90.77 and a 200-day moving average of €93.23. The company has a debt-to-equity ratio of 51.72, a current ratio of 2.00 and a quick ratio of 1.32. The company has a market capitalization of $4.01 billion and a price-to-earnings ratio of 26.31.

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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