Warburg Research Gains Confidence in Bertrandt (ETR:BDT). Will Other Analysts Follow?

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Bertrandt (ETR:BDT) Stock Upgrade

Investment analysts at the Warburg Research equities division upgraded shares of Bertrandt (ETR:BDT) to a Buy on Friday morning. Warburg Research currently has a Estimated Target Price of EUR 140.00 on BDT or 28.38% more upside.

From a total of 4 analysts covering Bertrandt (ETR:BDT) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is €150 while the lowest target price is €136. The mean of all analyst targets is €139.33 with a 27.71% above today’s (€109.1) stock price. Bertrandt was the topic of 15 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Hauck & Aufhäuser Privatbankiers KGaA upgraded shares on December 10 to “Buy” rating. Warburg Research upgraded BDT stock in a recent report from December 4 to “Buy” rating.

The stock increased 0.18% or EUR 0.2 on December 10, striking EUR 109.1. Approximately 29,392 shares of stock traded hands or 16.61% up from the average. Bertrandt AG (ETR:BDT) has declined 18.03% since May 14, 2015 and is downtrending. It has underperformed by 16.09% the S&P500.

 Warburg Research Gains Confidence in Bertrandt (ETR:BDT). Will Other Analysts Follow?

Bertrandt AG is a Germany-based company that develops individual solutions for the international automotive and aviation industries in Europe, China and the United States. The company has a market cap of 1.11 billion EUR. It provides technical and commercial services throughout Germany in sectors such as electrical engineering, energy, mechanical engineering and medical technology. It has 17.62 P/E ratio. The Company’s services include all process steps in the project phases of conceptual design, product design, development, modeling, tool production, vehicle construction and production planning right through to start of production and production support.

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