RIB Software (ETR:RIB) has been assigned a €19.25 ($23.77) price objective by equities researchers at UBS in a report released on Friday, www.boersen-zeitung.de reports. The firm presently has a “sell” rating on the stock. UBS’s price objective would suggest a potential downside of 4.13% from the stock’s current price.
Several other analysts have also recently weighed in on the company. Warburg Research set a €22.00 ($27.16) price target on RIB Software and gave the company a “sell” rating in a report on Friday, March 23rd. Berenberg Bank set a €40.00 ($49.38) price target on RIB Software and gave the company a “buy” rating in a report on Monday, March 19th. Finally, Kepler Capital Markets set a €35.00 ($43.21) price target on RIB Software and gave the company a “buy” rating in a report on Monday, March 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of €26.54 ($32.77).
Shares of ETR:RIB traded up €0.37 ($0.46) on Friday, hitting €20.08 ($24.79). The company’s stock had a trading volume of 413,443 shares, compared to its average volume of 318,804. RIB Software has a 1 year low of €11.43 ($14.11) and a 1 year high of €35.16 ($43.41).
RIB Software SE designs, develops, and sells software solutions for the construction industry worldwide. Its solutions include iTWO, a software eco-system that helps digitalize enterprises in the building and construction industries; RIBTEC, an integrated software that allows structural member design and CAD/FEM-applications at the same time for structural and soil engineering, as well as for tunnel and bridge constructions; and RIB STRATIS, a software solution for the design, quantity calculation, execution, invoicing, and inventory management in road building, civil engineering, and surveying sectors.
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