SAP (ETR:SAP) PT Set at €135.00 by Goldman Sachs Group

Goldman Sachs Group set a €135.00 ($156.98) target price on SAP (ETR:SAP) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.

SAP has been the subject of several other research reports. Nord/LB set a €115.00 ($133.72) target price on shares of SAP and gave the company a neutral rating in a research note on Friday, June 28th. Kepler Capital Markets set a €11.00 ($12.79) target price on shares of E.On and gave the company a buy rating in a research note on Monday, May 13th. Warburg Research set a €16.70 ($19.42) price objective on shares of Suedzucker and gave the company a neutral rating in a research note on Friday. JPMorgan Chase & Co. reaffirmed a top pick rating on shares of in a research note on Thursday, July 4th. Finally, Independent Research set a €26.00 ($30.23) price objective on shares of Aareal Bank and gave the company a neutral rating in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of €121.65 ($141.46).

Shares of SAP stock opened at €121.42 ($141.19) on Friday. The company has a 50-day moving average price of €117.21. SAP has a twelve month low of €83.95 ($97.62) and a twelve month high of €125.00 ($145.35). The firm has a market cap of $144.93 billion and a P/E ratio of 44.49. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 50.41.

About SAP

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: What is Compound Annual Growth Rate (CAGR)?

Analyst Recommendations for SAP (ETR:SAP)

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