SAP SE (SAP) Given a €88.00 Price Target at Morgan Stanley
SAP SE (ETR:SAP) has been given a €88.00 ($97.78) price objective by stock analysts at Morgan Stanley in a research note issued to investors on Wednesday. The firm presently has a a “buy” rating on the stock.
Several other analysts have also weighed in on the stock. Barclays PLC set a €95.00 ($105.56) target price on shares of SAP SE and gave the company a “buy” rating in a research note on Tuesday, August 30th. Commerzbank AG set a €95.00 ($105.56) target price on shares of SAP SE and gave the company a “buy” rating in a research note on Friday, September 16th. Jefferies Group set a €63.50 ($70.56) target price on shares of SAP SE and gave the company a “sell” rating in a research note on Tuesday, July 19th. BNP Paribas set a €66.00 ($73.33) target price on shares of SAP SE and gave the company a “sell” rating in a research note on Tuesday, September 6th. Finally, Berenberg Bank set a €87.00 ($96.67) price target on shares of SAP SE and gave the stock a “buy” rating in a research report on Tuesday, September 20th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of €82.02 ($91.14).
Shares of SAP SE (ETR:SAP) traded up 0.43% during mid-day trading on Wednesday, reaching €81.34. 4,683 shares of the company were exchanged. SAP SE has a 12 month low of €56.70 and a 12 month high of €82.57. The company’s 50-day moving average is €78.95 and its 200 day moving average is €72.83. The firm has a market capitalization of €97.46 billion and a price-to-earnings ratio of 27.32.
About SAP SE
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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