Software Aktiengesellschaft (OTCMKTS:STWRY) had its price objective reduced by analysts at Deutsche Bank Aktiengesellschaft from €36.00 ($40.91) to €33.00 ($37.50) in a research note issued to investors on Friday, The Fly reports. The brokerage currently has a “hold” rating on the stock.
A number of other equities analysts have also commented on STWRY. UBS Group restated a “buy” rating on shares of Software Aktiengesellschaft in a research report on Tuesday, October 26th. Morgan Stanley lowered shares of Software Aktiengesellschaft from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, December 8th. Barclays reissued an “underweight” rating on shares of Software Aktiengesellschaft in a research note on Wednesday, October 27th. Finally, The Goldman Sachs Group cut Software Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.00.
Shares of STWRY stock remained flat at $$9.56 during trading hours on Friday. The business’s 50-day moving average is $10.03 and its 200-day moving average is $11.23. Software Aktiengesellschaft has a 12 month low of $9.50 and a 12 month high of $13.04.
Software AG is a holding company, which engages in the development of information technology platforms for digital transformation. It operates through the following segments: Digital Business Platform (DBP), Adabas & Natural (A&N), and Professional Services. The DBP segment connects the software, applications, devices, and people to infuse the business value across the organization.
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