Bechtle (ETR:BC8) Rating Reaffirmed
In analysts note revealed to clients and investors this morning, Independent Research GmbH has decided to restate their Hold rating on Bechtle (ETR:BC8) shares. The target PPS would suggest a possible upside of 13.07% from firm’s last price.
From a total of 4 analysts covering Bechtle (ETR:BC8) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is €100 while the lowest target price is €82. The mean of all analyst targets is €93 with a 4.17% above today’s (€89.28) stock price. Bechtle was the topic of 6 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 9 with “Hold” rating. Baader Wertpapierhandelsbank upgraded BC8 stock in a recent report from August 26 to “Buy” rating.
Approximately 7,629 shares of stock traded hands. Bechtle AG (ETR:BC8) has risen 32.57% since May 12, 2015 and is uptrending. It has outperformed by 33.37% the S&P500.
Bechtle AG is a German information technology service well-known provider and e-commerce trader. The company has a market cap of 1.97 billion EUR. The Firm is a reseller and service well-known provider to the public and commercial sectors, actively trading in five European countries. It has 22.89 P/E ratio. It provides large corporate groups, financial service providers and public institutions with IT applications.