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Baader Wertpapierhandelsbank issued a report on Nemetschek (ETR:NEM), stepping up its target to 51.00EUR today

Yesterday Nemetschek (ETR:NEM) traded -0.62% lower at 58.02EUR. The company’s 50-day moving average is 39.05EUR and its 200-day moving average is 36.86EUR. The last stock close price is up -8.17% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,894,738 shares of the stock were exchanged, up from an average trading volume of 6,971,250

Nemetschek (ETR:NEM) had its target price raised to 51.00EUR by Baader Wertpapierhandelsbank in a report released 10/12/2016. The new target price indicates a possible downside of -0.12% based on the company's last stock close price.

Previously on 10/11/2016, Baader Wertpapierhandelsbank reported about Nemetschek (ETR:NEM) raised the target price from 0.00EUR to 51.00EUR. At the time, this indicated a possible downside of -0.12%.

See Chart Below

Nemetschek (ETR:NEM)

Nemetschek has a 52 week low of 16.05EUR and a 52 week high of 46.07EUR with a P/E ratio of 457.43 The company’s market capitalization is currently 0 EUR.

In addition to Baader Wertpapierhandelsbank reporting its stock price target, a total of 17 firms have reported on the stock. The consensus target price is 35.35EUR with one equity analyst rating the company a strong buy, eight analysts rating the company a buy, 10 brokers rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 analysts rating the company a sell.

More About Nemetschek (ETR:NEM)

Nemetschek AG is a Germany-based holding company engaged in the provision of software solutions for architecture and construction industries, including architects, structural designers, civil and specialist engineers, as well as for technical facility management and commercial property management, as well as visualization software for architecture, film and advertising. It operates four business segments: Design; Build; Manage, and Multimedia. The Design business segment offers primarily programs for CAD (computer-aided design) and CAE (computer-aided engineering) for planning component-oriented design. The Build business segment comprises all products and solutions that deal with commercial and technical cost and work invoicing. The Manage business segment's product portfolio aims at commercial real estate and the housing industry. The Multimedia business segment provides 3D (3-dimensional) software for visualization and animation. In November 2013, it acquired Data Design System ASA.

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