Deutsche Bank set a €135.00 ($156.98) price objective on SAP (ETR:SAP) in a research report report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.
A number of other research firms have also issued reports on SAP. Morgan Stanley boosted their target price on Williams-Sonoma from $52.00 to $56.00 and gave the company an underweight rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. reaffirmed a top pick rating on shares of in a report on Thursday, July 4th. Sanford C. Bernstein raised Zimmer Biomet from an underperform rating to a market perform rating and set a $121.71 price objective on the stock in a report on Tuesday, June 11th. Kepler Capital Markets set a €11.00 ($12.79) price objective on E.On and gave the stock a buy rating in a report on Monday, May 13th. Finally, Baader Bank set a €42.00 ($48.84) price objective on Deutsche Beteiligungs and gave the stock a buy rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of Buy and an average target price of €121.65 ($141.46).
ETR:SAP opened at €120.06 ($139.60) on Monday. The firm has a market capitalization of $143.31 billion and a price-to-earnings ratio of 43.99. The company has a debt-to-equity ratio of 50.41, a quick ratio of 1.03 and a current ratio of 1.10. The company has a 50 day moving average of €117.49. SAP has a 12-month low of €83.95 ($97.62) and a 12-month high of €125.00 ($145.35).
SAP Company Profile
SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.
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