Societe Generale set a €110.00 ($130.95) price objective on SAP (ETR:SAP) in a research report sent to investors on Tuesday morning. The brokerage currently has a buy rating on the technology company’s stock.
A number of other analysts also recently weighed in on the stock. Morgan Stanley set a €111.00 ($132.14) target price on shares of SAP and gave the company a buy rating in a research report on Monday, December 18th. Goldman Sachs Group set a €112.00 ($133.33) target price on shares of SAP and gave the company a buy rating in a research report on Friday, November 17th. Commerzbank set a €99.00 ($117.86) target price on shares of SAP and gave the company a neutral rating in a research report on Friday, December 15th. JPMorgan Chase & Co. set a €105.00 ($125.00) target price on shares of SAP and gave the company a buy rating in a research report on Tuesday, December 26th. Finally, Citigroup set a €105.00 ($125.00) target price on shares of SAP and gave the company a buy rating in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the stock. SAP has a consensus rating of Buy and an average price target of €102.20 ($121.67).
SAP (SAP) traded up €1.12 ($1.33) during trading hours on Tuesday, reaching €92.30 ($109.88). 3,320,000 shares of the company’s stock were exchanged, compared to its average volume of 2,320,000. The firm has a market cap of $113,390.00 and a P/E ratio of 29.87. SAP has a twelve month low of €81.92 ($97.52) and a twelve month high of €100.70 ($119.88).
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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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