Morgan Stanley set a €111.00 ($132.14) price target on SAP (ETR:SAP) in a research report sent to investors on Monday, December 18th. The brokerage currently has a buy rating on the technology company’s stock.
A number of other brokerages also recently issued reports on SAP. Commerzbank set a €99.00 ($117.86) price objective on SAP and gave the stock a neutral rating in a research report on Friday, December 15th. Credit Suisse Group set a €103.00 ($122.62) price objective on SAP and gave the stock a buy rating in a research report on Monday, December 4th. Goldman Sachs Group set a €112.00 ($133.33) price target on SAP and gave the company a buy rating in a research report on Friday, November 17th. UBS Group set a €98.00 ($116.67) price target on SAP and gave the company a neutral rating in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. set a €105.00 ($125.00) price target on SAP and gave the company a buy rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. SAP has a consensus rating of Buy and a consensus target price of €101.46 ($120.78).
Shares of SAP (ETR SAP) traded down €0.70 ($0.83) during midday trading on Monday, reaching €90.73 ($108.01). The company’s stock had a trading volume of 3,440,000 shares, compared to its average volume of 2,220,000. SAP has a 1-year low of €81.92 ($97.52) and a 1-year high of €100.70 ($119.88). The company has a market capitalization of $111,460.00 and a price-to-earnings ratio of 29.36.
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SAP Company Profile
SAP SE operates as an enterprise application software and database company worldwide. It offers SAP HANA and SAP S/4HANA, which are in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate legacy systems and siloed data; SAP BW/4HANA, a data warehouse software; SAP S/4HANA Cloud, a software-as-a-service solution that provides the scalability, ease of management, and security; SAP SuccessFactors, a suite of human capital management solutions to develop, manage, engage, and empower the workforce; SAP Concur, a travel and expense management solution; SAP Ariba, a guided buying, light enablement, and open platform solution; and SAP Fieldglass, a solution to procure and manage external workforce.
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