UBS Group set a €100.00 ($123.46) target price on SAP (ETR:SAP) in a research note issued to investors on Monday, January 8th, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the technology company’s stock.
Several other analysts have also recently issued reports on the company. Baader Bank set a €105.00 ($129.63) target price on SAP and gave the stock a buy rating in a research report on Monday, October 9th. Commerzbank set a €99.00 ($122.22) target price on SAP and gave the stock a neutral rating in a research report on Thursday, September 28th. Independent Research set a €97.00 ($119.75) target price on SAP and gave the stock a neutral rating in a research report on Thursday, October 19th. Morgan Stanley set a €102.00 ($125.93) target price on SAP and gave the stock a buy rating in a research report on Wednesday, October 4th. Finally, Goldman Sachs Group set a €108.00 ($133.33) price target on SAP and gave the company a buy rating in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of €103.65 ($127.97).
SAP (ETR SAP) traded down €1.04 ($1.28) during mid-day trading on Monday, reaching €89.79 ($110.85). The company’s stock had a trading volume of 3,260,000 shares, compared to its average volume of 2,430,000. SAP has a 52 week low of €83.85 ($103.52) and a 52 week high of €100.70 ($124.32). The company has a market capitalization of $110,310.00 and a P/E ratio of 26.72.
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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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