HSBC Analysts Give SAP (ETR:SAP) a €135.00 Price Target
HSBC set a €135.00 ($156.98) price target on SAP (ETR:SAP) in a report issued on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.
A number of other research firms also recently issued reports on SAP. Barclays reiterated an underweight rating and set a GBX 600 ($7.84) price objective on shares of in a report on Monday, July 8th. Berenberg Bank reiterated a buy rating and set a GBX 340 ($4.44) price objective on shares of Stock Spirits Group in a report on Tuesday, May 14th. UBS Group increased their price objective on T. Rowe Price Group from $109.00 to $111.00 and gave the stock a neutral rating in a report on Monday, July 8th. Deutsche Bank began coverage on Target in a report on Monday, July 15th. They set a hold rating and a $85.00 price objective for the company. Finally, Credit Suisse Group decreased their price objective on from GBX 145 ($1.89) to GBX 105 ($1.37) and set a neutral rating for the company in a report on Friday, June 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of €121.65 ($141.46).
Shares of SAP stock opened at €112.00 ($130.23) on Wednesday. SAP has a 1 year low of €83.95 ($97.62) and a 1 year high of €125.00 ($145.35). The stock has a 50-day simple moving average of €117.54. The company has a market capitalization of $133.69 billion and a P/E ratio of 41.04. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 50.41.
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.
Further Reading: Coverage Ratio
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