SAP SE (SAP) Receives Average Recommendation of “Buy” from Brokerages
Shares of SAP SE (ETR:SAP) have been given a consensus recommendation of “Buy” by the twenty-two research firms that are currently covering the firm. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is €83.34 ($92.60).
A number of analysts have weighed in on SAP shares. Sanford C. Bernstein set a €83.00 ($92.22) target price on shares of SAP SE and gave the stock a “buy” rating in a report on Thursday, June 16th. Commerzbank AG set a €90.00 ($100.00) price objective on shares of SAP SE and gave the stock a “buy” rating in a report on Friday, June 17th. BNP Paribas set a €59.00 ($65.56) price objective on shares of SAP SE and gave the stock a “sell” rating in a report on Monday, June 27th. Goldman Sachs Group Inc. set a €85.00 ($94.44) price objective on shares of SAP SE and gave the stock a “buy” rating in a report on Tuesday, June 28th. Finally, HSBC set a €76.00 ($84.44) price objective on shares of SAP SE and gave the stock a “buy” rating in a report on Thursday, June 30th.
Shares of SAP SE (ETR:SAP) traded up 0.50% during trading on Friday, reaching €79.06. 2,131 shares of the company’s stock were exchanged. The company’s 50-day moving average price is €79.78 and its 200 day moving average price is €73.62. SAP SE has a 52 week low of €63.00 and a 52 week high of €82.57. The firm has a market capitalization of €94.73 billion and a PE ratio of 26.56.
SAP SE Company Profile
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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