SAP SE (SAP) Given a €95.00 Price Target by Commerzbank AG Analysts
SAP SE (ETR:SAP) has been assigned a €95.00 ($105.56) price target by equities researchers at Commerzbank AG in a research note issued on Friday. The brokerage presently has a a “buy” rating on the stock.
A number of other research firms have also recently issued reports on SAP. Jefferies Group set a €63.50 ($70.56) price objective on SAP SE and gave the company a “sell” rating in a research report on Tuesday, July 19th. Deutsche Bank AG set a €80.00 ($88.89) price objective on SAP SE and gave the company a “buy” rating in a research report on Thursday, July 21st. Sanford C. Bernstein set a €88.00 ($97.78) price objective on SAP SE and gave the company a “buy” rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. set a €85.00 ($94.44) price objective on SAP SE and gave the company a “buy” rating in a research report on Monday, July 18th. Finally, Baader Bank set a €85.00 ($94.44) price objective on SAP SE and gave the company a “buy” rating in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of €81.80 ($90.88).
SAP SE (ETR:SAP) opened at 78.629 on Friday. The firm’s 50-day moving average price is €78.41 and its 200-day moving average price is €72.35. SAP SE has a 12-month low of €55.50 and a 12-month high of €81.08. The company has a market cap of €94.21 billion and a P/E ratio of 26.412.
SAP SE Company Profile
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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