Software AG (SOW) Given a €40.00 Price Target at J P Morgan Chase & Co
Software AG (ETR:SOW) received a €40.00 ($45.45) price objective from equities researchers at J P Morgan Chase & Co in a report released on Monday. The firm presently has a “neutral” rating on the stock.
A number of other research firms have also recently weighed in on SOW. Baader Bank set a €45.00 ($51.14) price target on shares of Software AG and gave the stock a “buy” rating in a research note on Wednesday, July 12th. Societe Generale set a €31.00 ($35.23) price target on shares of Software AG and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC set a €31.00 ($35.23) price target on shares of Software AG and gave the stock a “sell” rating in a research note on Friday, July 7th. equinet AG set a €30.00 ($34.09) price target on shares of Software AG and gave the stock a “sell” rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) set a €36.00 ($40.91) price target on shares of Software AG and gave the stock a “sell” rating in a research note on Thursday, June 22nd. Four research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. Software AG currently has a consensus rating of “Hold” and a consensus target price of €35.50 ($40.34).
Shares of Software AG (ETR:SOW) traded down 0.253% during mid-day trading on Monday, hitting €38.223. 552 shares of the stock traded hands. Software AG has a 12-month low of €4.55 and a 12-month high of €43.25. The firm has a market cap of €2.90 billion and a price-to-earnings ratio of 21.094. The firm’s 50 day moving average price is €41.77 and its 200 day moving average price is €37.14.
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About Software AG
Software AG is a Germany-based software developer and provider of information technology (IT) platforms for businesses. The Company operates in three segments: Digital Business Platform (DBP), Adabas & Natural and Consulting. The Digital Business Platform (DBP) segment focuses on integration, business process management and big data with the webMethods, Aris, Alfabet, Apama and Terracotta product families.
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