Analysts Set Bechtle AG (BC8) PT at $86.49

Bechtle AG (ETR:BC8) has earned a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is €86.49 ($100.57).

Several equities analysts have recently commented on BC8 shares. Baader Bank set a €92.00 ($106.98) target price on Bechtle and gave the company a “buy” rating in a research note on Friday, November 9th. Kepler Capital Markets set a €98.00 ($113.95) target price on Bechtle and gave the company a “buy” rating in a research note on Wednesday, November 14th. Commerzbank set a €97.00 ($112.79) target price on Bechtle and gave the company a “buy” rating in a research note on Friday, September 14th. Deutsche Bank set a €65.00 ($75.58) target price on Bechtle and gave the company a “neutral” rating in a research note on Thursday, November 15th. Finally, Warburg Research set a €93.00 ($108.14) target price on Bechtle and gave the company a “buy” rating in a research note on Friday, August 10th.

BC8 stock traded up €1.70 ($1.98) during mid-day trading on Friday, reaching €72.35 ($84.13). 74,836 shares of the company traded hands, compared to its average volume of 54,276. Bechtle has a fifty-two week low of €48.83 ($56.78) and a fifty-two 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.

Further Reading: Buyback

Analyst Recommendations for Bechtle (ETR:BC8)

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