SAP SE (SAP) Receives Average Recommendation of “Buy” from Brokerages
Shares of SAP SE (ETR:SAP) have earned an average recommendation of “Buy” from the twenty-two research firms that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and sixteen have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is €83.34 ($92.60).
A number of brokerages recently commented on SAP. BNP Paribas set a €59.00 ($65.56) price objective on shares of SAP SE and gave the stock a “sell” rating in a research note on Monday, June 27th. Baader Bank set a €85.00 ($94.44) price objective on shares of SAP SE and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Deutsche Bank AG set a €80.00 ($88.89) price objective on shares of SAP SE and gave the stock a “buy” rating in a research note on Thursday, July 21st. Kepler Capital Markets set a €75.00 ($83.33) price target on SAP SE and gave the stock a “neutral” rating in a research report on Wednesday, July 20th. Finally, Sanford C. Bernstein set a €83.00 ($92.22) price target on SAP SE and gave the stock a “buy” rating in a research report on Monday, June 27th.
Shares of SAP SE (ETR:SAP) traded up 0.50% during trading on Friday, reaching €79.06. The company had a trading volume of 2,131 shares. The stock has a market capitalization of €94.73 billion and a price-to-earnings ratio of 26.56. The company’s 50 day moving average is €79.78 and its 200-day moving average is €73.62. SAP SE has a 1-year low of €63.00 and a 1-year high of €82.57.
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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