Bechtle AG (ETR:BC8) Receives Average Recommendation of “Buy” from Analysts

Shares of Bechtle AG (ETR:BC8 – Get Rating) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is €78.13 ($82.24).

Several equities research analysts have recently commented on BC8 shares. UBS Group set a €71.00 ($74.74) target price on shares of Bechtle in a research note on Thursday, April 28th. Berenberg Bank set a €53.00 ($55.79) price target on shares of Bechtle in a research report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft set a €57.00 ($60.00) price target on shares of Bechtle in a research report on Friday, February 11th. Jefferies Financial Group set a €63.00 ($66.32) price target on shares of Bechtle in a research report on Wednesday, April 27th. Finally, Warburg Research set a €72.00 ($75.79) price target on shares of Bechtle in a research report on Tuesday, March 22nd.

Shares of ETR:BC8 opened at €42.27 ($44.49) on Tuesday. Bechtle has a 52 week low of €40.82 ($42.97) and a 52 week high of €69.56 ($73.22). The company has a debt-to-equity ratio of 36.16, a quick ratio of 1.30 and a current ratio of 1.74. The company’s fifty day moving average is €46.56 and its 200-day moving average is €54.72. The company has a market capitalization of $5.33 billion and a PE ratio of 23.01.

Bechtle Company Profile (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.

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