Deutsche Bank Aktiengesellschaft Increases Bechtle (OTCMKTS:BECTY) Price Target to €58.00

Bechtle (OTCMKTS:BECTYGet Rating) had its target price hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from €54.00 ($58.06) to €58.00 ($62.37) in a report released on Monday, The Fly reports. The firm currently has a “hold” rating on the stock.

Shares of Bechtle stock traded up $0.12 on Monday, hitting $8.52. 30 shares of the company traded hands, compared to its average volume of 387. The firm’s 50-day simple moving average is $9.76 and its 200 day simple moving average is $11.71. Bechtle has a 12-month low of $8.00 and a 12-month high of $16.20.

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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