Warburg Research Analysts Give Bechtle (ETR:BC8) a €65.00 Price Target

Bechtle (ETR:BC8Get Rating) has been assigned a €65.00 ($68.42) price target by analysts at Warburg Research in a research report issued on Monday, Borsen Zeitung reports. Warburg Research’s price objective suggests a potential upside of 59.27% from the company’s current price.

Several other brokerages have also issued reports on BC8. Jefferies Financial Group set a €63.00 ($66.32) target price on shares of Bechtle in a research note on Thursday. UBS Group set a €71.00 ($74.74) target price on shares of Bechtle in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft set a €57.00 ($60.00) target price on shares of Bechtle in a report on Friday, February 11th. Baader Bank set a €61.00 ($64.21) price objective on shares of Bechtle in a report on Thursday. Finally, Deutsche Bank Rese… set a €54.00 ($56.84) target price on shares of Bechtle in a research note on Monday, April 11th.

Shares of BC8 stock traded up €0.40 ($0.42) during mid-day trading on Monday, reaching €40.81 ($42.96). The company’s stock had a trading volume of 399,217 shares, compared to its average volume of 54,276. The company has a market cap of $5.14 billion and a P/E ratio of 22.22. 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 firm’s 50-day moving average is €45.88 and its two-hundred day moving average is €53.57. Bechtle has a 1-year low of €39.51 ($41.59) and a 1-year high of €69.56 ($73.22).

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.

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