UBS Group set a €142.00 ($159.55) target price on SAP (ETR:SAP) in a research note published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.
Several other brokerages also recently issued reports on SAP. JPMorgan Chase & Co. set a €125.00 ($140.45) price objective on shares of SAP and gave the stock a buy rating in a research note on Thursday, June 18th. Royal Bank of Canada set a €107.00 ($120.22) price objective on shares of SAP and gave the stock a neutral rating in a research note on Wednesday, April 22nd. Morgan Stanley set a €114.00 ($128.09) price objective on shares of SAP and gave the stock a buy rating in a research note on Friday, March 20th. Credit Suisse Group set a €135.00 ($151.69) price target on shares of SAP and gave the stock a buy rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group set a €132.00 ($148.31) price target on shares of SAP and gave the stock a buy rating in a research note on Monday, June 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nineteen have given a buy rating to the company. SAP presently has a consensus rating of Buy and an average price target of €127.77 ($143.56).
ETR:SAP opened at €128.78 ($144.70) on Wednesday. SAP has a 12 month low of €82.13 ($92.28) and a 12 month high of €129.60 ($145.62). The firm has a market cap of $153.72 billion and a price-to-earnings ratio of 36.16. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 57.36. The company’s 50 day moving average is €116.86 and its 200-day moving average is €114.58.
SAP Company Profile
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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