Morgan Stanley set a €30.80 ($35.81) price objective on Software (ETR:SOW) in a report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities research analysts also recently commented on SOW. Baader Bank set a €34.00 ($39.53) price objective on Software and gave the company a buy rating in a research report on Tuesday, October 29th. Goldman Sachs Group set a €38.00 ($44.19) price objective on Software and gave the company a buy rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. set a €26.00 ($30.23) price objective on Software and gave the company a neutral rating in a research report on Tuesday, October 22nd. UBS Group set a €34.00 ($39.53) price objective on Software and gave the company a buy rating in a research report on Friday, November 8th. Finally, Barclays set a €33.50 ($38.95) price objective on Software and gave the company a buy rating in a research report on Thursday, October 10th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Software presently has an average rating of Buy and an average price target of €33.32 ($38.74).
Shares of ETR:SOW traded up €0.14 ($0.16) during midday trading on Thursday, reaching €31.38 ($36.49). The company’s stock had a trading volume of 121,155 shares, compared to its average volume of 271,805. The firm has a market cap of $2.33 billion and a price-to-earnings ratio of 13.81. The company has a quick ratio of 1.52, a current ratio of 1.57 and a debt-to-equity ratio of 25.34. Software has a 1 year low of €22.80 ($26.51) and a 1 year high of €35.22 ($40.95). The business has a 50 day moving average price of €30.06 and a 200 day moving average price of €27.72.
Software Aktiengesellschaft provides software development, licensing, and maintenance; and information (IT) services worldwide. It operates through three segments: Digital Business Platform, Adabas & Natural, and Consulting. The company offers Adabas & Natural, a transaction processing platform that enables digital enterprises to leverage core systems in various ways; Alfabet for use in IT planning and portfolio management, as well as enterprise architecture management; Apama, a platform for streaming analytics and intelligent automated actions on fast-moving big data; and Architecture for Integrated Information Systems, a platform that makes processes transparent, controlled, manageable, and agile.
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