Warburg Research set a €24.00 ($27.91) price objective on RIB Software (ETR:RIB) in a research note released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Separately, Berenberg Bank set a €22.50 ($26.16) price target on RIB Software and gave the company a buy rating in a research note on Wednesday, August 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of €21.56 ($25.07).
RIB opened at €21.50 ($25.00) on Monday. RIB Software has a 1-year low of €8.88 ($10.33) and a 1-year high of €21.88 ($25.44). The stock’s fifty day simple moving average is €20.13 and its 200 day simple moving average is €17.51. The company has a current ratio of 3.02, a quick ratio of 2.88 and a debt-to-equity ratio of 3.55. The stock has a market cap of $1.08 billion and a PE ratio of 57.80.
RIB Software SE creates, develops, and sells software solutions for the construction enterprises and projects across various industries worldwide. Its solutions include iTWO Civil, a CAD software for highway, earthwork, and sewer construction; iTWO e-tendering platform that provides e-business and e-tendering solutions for construction and supply services; and RIBTEC, an integrated software that allows structural engineers in structural designing of building and ground engineering, finite element calculation, and tunnel and bridge construction, as well as drawing of formwork and reinforcement plans.
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