SAP AG Given New €78.00 Price Target at Evercore Partners (SAP)
Investment analysts at Evercore Partners raised their target price on shares of SAP AG (ETR:SAP) from €75.00 ($102.74) to €78.00 ($106.85) in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “equal weight” 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 one year low of €51.95 and a one year high of €64.953. The stock’s 50-day moving average is €54.5 and its 200-day moving average is €57.31.
A number of other firms have also recently commented on SAP. 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. Separately, 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. Finally, analysts at Susquehanna cut their price target on shares of SAP AG from €83.00 ($113.70) to €77.00 ($105.48) in a research note to investors on Thursday, October 17th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. The stock has an average 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.