Bechtle (ETR:BC8) Rating Reaffirmed
In an analyst note revealed to clients this morning, Bankhaus Lampe KG has decided to reaffirm their Hold rating on Bechtle (ETR:BC8) shares. The target price provides a possible upside of 1.10% from firm’s last price.
From a total of 3 analysts covering Bechtle (ETR:BC8) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is €88 while the lowest target price is €82. The mean of all analyst targets is €86.50 with a -6.63% below today’s (€92.64) stock price. Bechtle was the topic of 4 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on September 1 to “Buy” rating. DZ-Bank AG maintained BC8 stock in a recent report from August 19 with “Hold” rating.
The stock increased 4.25% or EUR 3.78 on December 7, striking EUR 92.64. Approximately 75,929 shares of stock traded hands or 87.49% up from the average. Bechtle AG (ETR:BC8) has risen 32.57% since May 11, 2015 and is uptrending. It has outperformed by 33.65% 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 1.95 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 23.76 P/E ratio. It provides large corporate groups, financial service providers and public institutions with IT applications.