Software (ETR:SOW) has been assigned a €39.00 ($48.15) price objective by equities research analysts at Barclays in a research report issued to clients and investors on Friday, January 26th. The brokerage presently has a “sell” rating on the stock. Barclays’ target price would indicate a potential downside of 5.27% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. Credit Suisse Group set a €37.00 ($45.68) price objective on shares of Software and gave the stock a “sell” rating in a report on Thursday, December 14th. Independent Research set a €50.00 ($61.73) price objective on shares of Software and gave the stock a “neutral” rating in a report on Wednesday, December 20th. Morgan Stanley set a €44.00 ($54.32) price objective on shares of Software and gave the stock a “sell” rating in a report on Monday, December 18th. Warburg Research set a €58.00 ($71.60) price objective on shares of Software and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. set a €45.00 ($55.56) price objective on shares of Software and gave the stock a “neutral” rating in a report on Monday, January 8th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of €44.28 ($54.66).
Software (ETR SOW) traded up €0.39 ($0.48) during mid-day trading on Friday, reaching €41.17 ($50.83). 202,162 shares of the company’s stock were exchanged, compared to its average volume of 371,880. Software has a 12 month low of €33.61 ($41.49) and a 12 month high of €49.80 ($61.48). The firm has a market capitalization of $3,150.00 and a PE ratio of 21.90.
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Software Aktiengesellschaft provides software development, licensing, and maintenance; and IT services worldwide. It operates through three segments: Digital Business Platform, Adabas & Natural, and Consulting. The company offers Architecture for Integrated Information Systems, a platform for business process analysis, governance, risk, and compliance management; Alfabet, an IT portfolio management platform that enables mapping of IT environment and planning and optimization of IT infrastructure; and webMethods, a platform for business process management, operational intelligence, and application programming interface management, as well as to integrate systems, partners, data, devices, and SaaS applications.
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