Bechtle (ETR:BC8) PT Set at €56.00 by Warburg Research

Bechtle (ETR:BC8Get Rating) has been assigned a €56.00 ($56.00) target price by stock analysts at Warburg Research in a research note issued to investors on Friday, Borsen Zeitung reports. Warburg Research’s price objective indicates a potential upside of 50.66% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft set a €52.00 ($52.00) target price on Bechtle in a research note on Wednesday, October 26th. Baader Bank set a €58.00 ($58.00) target price on Bechtle in a research note on Thursday. UBS Group set a €40.00 ($40.00) target price on Bechtle in a research note on Thursday. Jefferies Financial Group set a €58.00 ($58.00) target price on Bechtle in a report on Thursday. Finally, Hauck Aufhäuser Investment Banking set a €37.00 ($37.00) target price on Bechtle in a report on Monday, November 7th.

Bechtle Trading Down 1.5 %

ETR:BC8 opened at €37.17 ($37.17) on Friday. Bechtle has a 1 year low of €32.57 ($32.57) and a 1 year high of €69.56 ($69.56). The stock has a market cap of $4.68 billion and a price-to-earnings ratio of 18.87. The business has a fifty day moving average of €36.89 and a 200-day moving average of €39.45. The company has a debt-to-equity ratio of 35.69, a quick ratio of 1.01 and a current ratio of 1.72.

Bechtle Company Profile

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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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