SAP SE (SAP) Receives €97.21 Consensus Price Target from Brokerages
SAP SE (ETR:SAP) has earned an average rating of “Buy” from the twenty-six analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is €97.21 ($114.37).
Several equities analysts have recently issued reports on the company. UBS AG set a €94.00 ($110.59) price objective on SAP SE and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Warburg Research set a €105.00 ($123.53) price target on SAP SE and gave the stock a “buy” rating in a research report on Friday, July 21st. Sanford C. Bernstein set a €107.00 ($125.88) price target on SAP SE and gave the stock a “buy” rating in a research report on Thursday, July 27th. Credit Suisse Group set a €100.00 ($117.65) price target on SAP SE and gave the stock a “buy” rating in a research report on Thursday, July 13th. Finally, Kepler Capital Markets set a €90.00 ($105.88) target price on SAP SE and gave the company a “neutral” rating in a report on Friday, July 21st.
Shares of SAP SE (SAP) traded down 0.688% during trading on Friday, reaching €90.625. 987 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of €91.96 and a 200 day moving average price of €90.76. The company has a market capitalization of €108.65 billion and a P/E ratio of 31.577. SAP SE has a 12-month low of €75.00 and a 12-month high of €96.32.
About SAP SE
SAP SE (SAP) is a software and service provider. The Company offers enterprise application software. The Company operates through two segments: Applications, Technology & Services segment, and the SAP Business Network segment. The Applications, Technology & Services segment is engaged in the sale of software licenses, subscriptions to its cloud applications, and related services (primarily support services and various professional services, and support services, as well as implementation services of its software products and education services on the use of its products).
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