SAP SE (SAP) Given a €99.00 Price Target by Commerzbank Ag Analysts
SAP SE (ETR:SAP) has been given a €99.00 ($116.47) price target by equities researchers at Commerzbank Ag in a note issued to investors on Thursday. The brokerage currently has a “neutral” rating on the technology company’s stock.
Other research analysts have also issued research reports about the stock. Morgan Stanley set a €102.00 ($120.00) price target on shares of SAP SE and gave the company a “buy” rating in a report on Monday, July 17th. J P Morgan Chase & Co set a €105.00 ($123.53) price target on shares of SAP SE and gave the company a “buy” rating in a report on Monday, July 17th. Citigroup Inc. set a €106.00 ($124.71) price objective on shares of SAP SE and gave the company a “buy” rating in a research note on Friday, July 14th. Credit Suisse Group set a €100.00 ($117.65) price objective on shares of SAP SE and gave the company a “buy” rating in a research note on Thursday, July 13th. Finally, Goldman Sachs Group, Inc. (The) set a €108.00 ($127.06) price objective on shares of SAP SE and gave the company a “buy” rating in a research note on Thursday, July 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of €97.56 ($114.77).
Shares of SAP SE (ETR SAP) opened at 94.02 on Thursday. The company’s 50-day moving average is €90.54 and its 200 day moving average is €91.89. SAP SE has a 52 week low of €75.00 and a 52 week high of €96.32. The stock has a market capitalization of €112.72 billion and a P/E ratio of 32.76.
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SAP SE Company Profile
SAP SE operates as an enterprise application software and database company worldwide. It offers SAP HANA and SAP S/4HANA, which are in-memory computing platforms that store and process huge data, and eliminate the maintenance of separate legacy systems and siloed data; SAP BW/4HANA, a data warehouse software; SAP S/4HANA Cloud, a software-as-a-service solution that provides the scalability, ease of management, and security; SAP SuccessFactors, a suite of human capital management solutions to develop, manage, engage, and empower the workforce; SAP Concur, a travel and expense management solution; SAP Ariba, a guided buying, light enablement, and open platform solution; and SAP Fieldglass, a solution to procure and manage external workforce.
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