Bechtle (ETR:BC8) PT Set at €61.00 by Baader Bank

Bechtle (ETR:BC8 – Get Rating) has been given a €61.00 ($65.59) price objective by Baader Bank in a research report issued to clients and investors on Wednesday. Baader Bank’s target price would indicate a potential upside of 41.73% from the stock’s current price.

BC8 has been the subject of a number of other research reports. Deutsche Bank Rese… set a €54.00 ($58.06) target price on shares of Bechtle in a research note on Monday, April 11th. UBS Group set a €71.00 ($76.34) target price on shares of Bechtle in a report on Tuesday, March 1st. Jefferies Financial Group set a €63.00 ($67.74) price target on shares of Bechtle in a report on Wednesday. Berenberg Bank set a €53.00 ($56.99) price target on shares of Bechtle in a report on Thursday, March 24th. Finally, Warburg Research set a €72.00 ($77.42) target price on shares of Bechtle in a research report on Tuesday, March 22nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Bechtle currently has an average rating of “Buy” and an average target price of €78.13 ($84.01).

Shares of BC8 stock opened at €43.04 ($46.28) on Wednesday. The company has a market capitalization of $5.42 billion and a price-to-earnings ratio of 23.43. Bechtle has a 12-month low of €40.82 ($43.89) and a 12-month high of €69.56 ($74.80). The firm has a fifty day moving average of €46.79 and a 200-day moving average of €55.02. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 36.16.

About Bechtle (Get Rating)

Bechtle AG provides information technology (IT) 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 selling, project planning and implementation, system integration, IT services, and training for IT operation.

Further Reading