Analyse Bechtle stock

Plausibly confirmed.
Why: The consensus price target of 39.67 EUR is around 25.5% above the current price of 31.62 EUR and is therefore practically at the required plausibility limit of +/-25%, but still within a reasonable range given the cyclically depressed price Rating.
Quantitative: The current P/E ratio of 16.46 is not high for a high-quality IT service provider; When normalized to around 18-20x profit, the fair value is roughly in the range of 34.5-38.5 EUR. Taking into account moderate sales/EPS growth, a solid balance sheet, decent cash flow stability and typical peer multiples in the IT services sector, a v...