Is DZ-Bank AG Now Positive on Bertrandt (ETR:BDT) After Recent Upgrade?

Share

Bertrandt (ETR:BDT) Stock Upgrade

In a note announced on Tuesday morning, DZ-Bank AG announced that they have decided to upgrade Bertrandt (ETR:BDT) shares to a Buy.

From a total of 5 analysts covering Bertrandt (ETR:BDT) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is €150 while the lowest target price is €105. The mean of all analyst targets is €130.75 with a 26.94% above today’s (€103) stock price. Bertrandt was the topic of 17 analyst reports since July 17, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 12 with “Hold” rating. Hauck & Aufhäuser Privatbankiers KGaA upgraded BDT stock in a recent report from December 10 to “Buy” rating. Finally, DZ-Bank AG upgraded the stock to “Buy” rating in a report issued on a November 7.

The stock decreased 3.74% or EUR 4 on December 14, striking EUR 103. Approximately 35,697 shares of stock traded hands or 42.83% up from the average. Bertrandt AG (ETR:BDT) has declined 18.03% since May 18, 2015 and is downtrending. It has underperformed by 13.61% the S&P500.

 Is DZ-Bank AG Now Positive on Bertrandt (ETR:BDT) After Recent Upgrade?

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 1.04 billion EUR. It provides technical and commercial services throughout Germany in sectors such as electrical engineering, energy, mechanical engineering and medical technology. It has 16.58 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.

COMMENTS: