Credit Suisse Group Analysts Give SAP (ETR:SAP) a €144.00 Price Target

Credit Suisse Group set a €144.00 ($167.44) price target on SAP (ETR:SAP) in a research report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.

SAP has been the topic of a number of other research reports. Sanford C. Bernstein set a €127.00 ($147.67) price objective on shares of SAP and gave the stock a buy rating in a report on Friday, October 11th. UBS Group set a €125.00 ($145.35) target price on shares of SAP and gave the company a neutral rating in a research note on Tuesday, November 5th. Jefferies Financial Group set a €142.00 ($165.12) target price on shares of SAP and gave the company a buy rating in a research note on Wednesday. JPMorgan Chase & Co. set a €135.00 ($156.98) target price on shares of SAP and gave the company a buy rating in a research note on Tuesday, November 5th. Finally, Barclays set a €125.00 ($145.35) target price on shares of SAP and gave the company a buy rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of €128.65 ($149.59).

Shares of ETR SAP traded up €1.04 ($1.21) during trading on Wednesday, hitting €122.60 ($142.56). 2,553,577 shares of the company traded hands, compared to its average volume of 3,430,000. SAP has a 1 year low of €83.95 ($97.62) and a 1 year high of €125.00 ($145.35). The company has a 50-day moving average price of €115.10 and a 200-day moving average price of €113.25. The firm has a market capitalization of $150.61 billion and a P/E ratio of 43.20. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 54.39.

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.

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