SAP SE (SAP) PT Set at €85.00 by Royal Bank of Canada
SAP SE (ETR:SAP) received a €85.00 ($90.43) target price from stock analysts at Royal Bank of Canada in a report issued on Wednesday. The firm presently has a “neutral” rating on the technology company’s stock.
Several other analysts have also recently issued reports on the company. Commerzbank Ag set a €100.00 ($106.38) price objective on SAP SE and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank AG set a €97.00 ($103.19) price objective on SAP SE and gave the company a “buy” rating in a research note on Tuesday. Bank of America Corp set a €98.00 ($104.26) price objective on SAP SE and gave the company a “buy” rating in a research note on Wednesday, April 12th. Citigroup Inc set a €106.00 ($112.77) price objective on SAP SE and gave the company a “buy” rating in a research note on Wednesday, April 12th. Finally, Barclays PLC set a €95.00 ($101.06) price objective on SAP SE and gave the company a “buy” rating in a research note on Tuesday, April 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the stock. SAP SE presently has an average rating of “Buy” and a consensus price target of €92.70 ($98.62).
Shares of SAP SE (ETR:SAP) opened at 90.71 on Wednesday. SAP SE has a 12 month low of €63.00 and a 12 month high of €92.92. The company has a market capitalization of €108.73 billion and a price-to-earnings ratio of 29.84. The firm’s 50-day moving average price is €90.54 and its 200-day moving average price is €84.15.
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SAP SE Company Profile
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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