Nemetschek (OTCMKTS:NEMTF) PT Lowered to €65.00

Nemetschek (OTCMKTS:NEMTFGet Rating) had its target price decreased by Stifel Nicolaus from €70.00 ($71.43) to €65.00 ($66.33) in a research note released on Monday morning, The Fly reports.

A number of other brokerages have also weighed in on NEMTF. Morgan Stanley cut their price objective on Nemetschek from €72.50 ($73.98) to €61.25 ($62.50) in a research report on Monday, October 17th. Deutsche Bank Aktiengesellschaft decreased their price target on Nemetschek from €75.00 ($76.53) to €55.00 ($56.12) in a research note on Thursday, October 6th. Berenberg Bank cut their price objective on Nemetschek from €69.00 ($70.41) to €55.00 ($56.12) and set a hold rating for the company in a report on Tuesday, October 18th. Finally, Barclays cut their price target on Nemetschek from €53.00 ($54.08) to €52.00 ($53.06) and set an equal weight rating for the company in a report on Monday.

Nemetschek Stock Performance

Shares of Nemetschek stock opened at $48.25 on Monday. The business’s 50-day moving average price is $55.58 and its 200-day moving average price is $62.73. Nemetschek has a 12 month low of $47.50 and a 12 month high of $48.25.

Nemetschek Company Profile

(Get Rating)

Nemetschek SE provides software solutions for architecture, engineering, construction, media, and entertainment markets in Germany, rest of Europe, the Americas, the Asia Pacific, and internationally. It operates through four segments: Design, Build, Manage, and Media & Entertainment. The Design segment offers software solutions primarily under the Allplan, Graphisoft, Solibri, Precast, Vectorworks, SCIA, dRofus, Data Design System, Frilo, and RISA brands for architects, designers, engineers, structural engineers, specialist planners, and landscape designers, as well as developers and general contractors.

See Also

The Fly logo

Receive News & Ratings for Nemetschek Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nemetschek and related companies with MarketBeat.com's FREE daily email newsletter.