Bechtle AG (ETR:BC8) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is €67.92 ($79.90).
BC8 has been the subject of several recent research reports. Baader Bank set a €56.00 ($65.88) price target on Bechtle AG and gave the company a “neutral” rating in a report on Thursday, August 10th. Independent Research GmbH set a €60.00 ($70.59) price target on Bechtle AG and gave the company a “neutral” rating in a report on Friday, August 11th. Warburg Research set a €63.50 ($74.71) price target on Bechtle AG and gave the company a “buy” rating in a report on Monday, August 14th. DZ Bank AG reiterated a “neutral” rating on shares of Bechtle AG in a report on Wednesday, August 16th. Finally, Kepler Capital Markets set a €65.00 ($76.47) price target on Bechtle AG and gave the company a “buy” rating in a report on Thursday, September 14th.
Shares of Bechtle AG (ETR BC8) traded down €0.45 ($0.53) during midday trading on Monday, reaching €71.14 ($83.69). The company had a trading volume of 41,256 shares, compared to its average volume of 75,914. Bechtle AG has a 52-week low of €42.28 ($49.74) and a 52-week high of €72.80 ($85.65).
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About Bechtle AG
Bechtle AG provides information technology services in Germany and internationally. The company operates through 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 roll-out, system integration, IT services and training, cloud, and IT operation services.
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