Berenberg Bank Maintains a Buy Rating on Tecan Group AG (TCHBF)

By Austin Angelo

Berenberg Bank analyst Scott Bardo maintained a Buy rating on Tecan Group AG (TCHBFResearch Report) yesterday and set a price target of $275. The company’s shares closed last Monday at $256.15, close to its 52-week high of $261.40.

According to TipRanks.com, Bardo is a 4-star analyst with an average return of 16.8% and a 64.3% success rate. Bardo covers the Healthcare sector, focusing on stocks such as Siemens Healthineers AG, LivaNova PLC, and Qiagen NV.

Currently, the analyst consensus on Tecan Group AG is a Moderate Buy with an average price target of $277.20.

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Tecan Group AG’s market cap is currently $3.04B and has a P/E ratio of 44.88. The company has a Price to Book ratio of 4.83.

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Tecan Group AG is a holding company, which engages in the development, production, and distribution of laboratory instruments and solutions in biopharmaceuticals, forensics, and clinical diagnostics. It operates through the following segments: Life Sciences Business, Partnering Business, and Corporate.