Bechtle AG (BC8) Receives €87.11 Average PT from Analysts

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

A number of analysts have commented on BC8 shares. Commerzbank set a €97.00 ($112.79) price objective on shares of Bechtle and gave the company a “buy” rating in a research note on Monday, July 23rd. 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 Thursday, July 12th. 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. 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. Finally, Berenberg Bank set a €96.00 ($111.63) price objective on shares of Bechtle and gave the company a “buy” rating in a research note on Monday, August 13th.

BC8 stock traded up €1.05 ($1.22) during mid-day trading on Thursday, reaching €83.35 ($96.92). 142,252 shares of the stock traded hands, 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).

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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