SAP AG Given New €61.00 Price Target at Natixis (SAP)
Equities research analysts at Natixis increased their price target on shares of SAP AG (ETR:SAP) from €59.00 ($80.82) to €61.00 ($83.56) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock.
Shares of SAP AG (ETR:SAP) traded up 2.17% during mid-day trading on Tuesday, hitting €57.391. The stock had a trading volume of 25,338 shares. SAP AG has a 1-year low of €51.95 and a 1-year high of €64.953. The stock’s 50-day moving average is €54.5 and its 200-day moving average is €57.31.
SAP has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of SAP AG from €75.00 ($102.74) to €78.00 ($106.85) in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of SAP AG from €58.00 ($79.45) to €57.00 ($78.08) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of SAP AG from €73.75 ($101.03) to €78.00 ($106.85) in a research note to investors on Monday. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. SAP AG currently has a consensus rating of “Hold” and a consensus target price of €66.24 ($90.74).
Sap AG is engaged in enterprise applications in terms of software and software-related service revenue.
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