Software (ETR:SOW) PT Set at €32.70 by Credit Suisse Group

Software (ETR:SOW) has been assigned a €32.70 ($38.02) target price by investment analysts at Credit Suisse Group in a research report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s target price would indicate a potential upside of 26.94% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Warburg Research set a €45.00 ($52.33) price objective on shares of Software and gave the stock a “buy” rating in a research note on Tuesday, April 16th. UBS Group raised their price objective on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. JPMorgan Chase & Co. set a €54.00 ($62.79) price objective on shares of Axel Springer and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Barclays reaffirmed an “underweight” rating and set a GBX 600 ($7.84) price objective on shares of in a research note on Monday, July 8th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $18.00 price objective on shares of STMicroelectronics in a research note on Monday, April 15th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Software presently has an average rating of “Hold” and an average price target of €38.39 ($44.64).

Shares of ETR SOW traded down €3.47 ($4.03) during midday trading on Friday, reaching €25.76 ($29.95). 1,121,610 shares of the stock were exchanged, compared to its average volume of 271,805. The company has a market capitalization of $1.91 billion and a price-to-earnings ratio of 11.58. Software has a twelve month low of €28.83 ($33.52) and a twelve month high of €44.19 ($51.38). The firm has a 50-day moving average price of €29.89. The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 23.71.

About Software

Software Aktiengesellschaft provides software development, licensing, and maintenance; and information (IT) services worldwide. It operates through three segments: Digital Business Platform, Adabas & Natural, and Consulting. The company offers Adabas & Natural, a transaction processing platform that enables digital enterprises to leverage core systems in various ways; Alfabet for use in IT planning and portfolio management, as well as enterprise architecture management; Apama, a platform for streaming analytics and intelligent automated actions on fast-moving big data; and Architecture for Integrated Information Systems, a platform that makes processes transparent, controlled, manageable, and agile.

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Analyst Recommendations for Software (ETR:SOW)

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