SAP AG Downgraded by Pacific Crest to Sector Perform (SAP)
SAP AG (ETR:SAP) was downgraded by research analysts at Pacific Crest to a “sector perform” rating in a report released on Monday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at S&P Equity Research cut their price target on shares of SAP AG from €65.00 ($89.04) to €64.00 ($87.67) in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Separately, analysts at Natixis raised their price target on shares of SAP AG from €59.00 ($80.82) to €61.00 ($83.56) in a research note to investors on Tuesday, October 22nd. They now have a “neutral” rating on the stock. Finally, 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, October 22nd. They now have an “equal weight” rating on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. SAP AG currently has a consensus rating of “Hold” and a consensus target price of €66.36 ($90.90).
SAP AG (ETR:SAP) traded up 0.51% on Monday, hitting €61.35. 17,480 shares of the company’s stock traded hands. SAP AG has a 52-week low of €51.95 and a 52-week high of €64.953. The stock’s 50-day moving average is €60.84 and its 200-day moving average is €57.4.
Sap AG is engaged in enterprise applications in terms of software and software-related service revenue.
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