SAP SE (SAP) PT Set at €63.50 by Jefferies Group
SAP SE (ETR:SAP) has been given a €63.50 ($69.78) price objective by Jefferies Group in a report issued on Wednesday. The brokerage presently has a a “sell” rating on the stock.
Several other analysts also recently issued reports on the company. Barclays PLC set a €95.00 ($104.40) price target on SAP SE and gave the stock a “buy” rating in a research note on Tuesday, August 30th. Commerzbank AG set a €95.00 ($104.40) price target on SAP SE and gave the stock a “buy” rating in a research note on Friday, September 16th. Morgan Stanley set a €88.00 ($96.70) price target on SAP SE and gave the stock a “buy” rating in a research note on Thursday, October 6th. HSBC set a €93.00 ($102.20) price target on SAP SE and gave the stock a “buy” rating in a research note on Tuesday, October 4th. Finally, Oddo Securities set a €70.00 ($76.92) price target on SAP SE and gave the stock a “sell” rating in a research note on Tuesday, October 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of €83.34 ($91.58).
Shares of SAP SE (ETR:SAP) opened at 79.201 on Wednesday. The stock has a 50 day moving average price of €79.92 and a 200-day moving average price of €73.81. SAP SE has a one year low of €63.00 and a one year high of €82.57. The company has a market capitalization of €94.90 billion and a P/E ratio of 26.604.
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About SAP SE
SAP SE (SAP), formerly SAP AG, is engaged in business application and analytics software. The Company is also engaged in digital commerce and is an enterprise cloud company. Its segments include Applications, Technology & Services segment, which is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (mainly support services and various professional services and premium support services, as well as implementation services of its software products and education services on the use of its products), and SAP Business Network Segment, which includes a network of networks, which covers sourcing, procurement, and travel and expenses.
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