Commerzbank AG set a €95.00 ($104.40) target price on SAP SE (ETR:SAP) in a research note released on Tuesday morning. The brokerage currently has a a buy rating on the stock.

Several other brokerages have also recently issued reports on SAP. Jefferies Group set a €63.50 ($69.78) price objective on shares of SAP SE and gave the company a sell rating in a research note on Tuesday, July 19th. JPMorgan Chase & Co. set a €85.00 ($93.41) price objective on shares of SAP SE and gave the company a buy rating in a research note on Monday, July 18th. Kepler Capital Markets set a €75.00 ($82.42) price objective on shares of SAP SE and gave the company a neutral rating in a research note on Wednesday, July 6th. Deutsche Bank AG set a €80.00 ($87.91) price objective on shares of SAP SE and gave the company a buy rating in a research note on Wednesday, July 6th. Finally, Barclays PLC set a €95.00 ($104.40) price objective on shares of SAP SE and gave the company a buy rating in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of €83.34 ($91.58).

SAP SE (ETR:SAP) opened at 79.325 on Tuesday. SAP SE has a 1-year low of €63.00 and a 1-year high of €82.57. The stock has a market capitalization of €95.05 billion and a P/E ratio of 26.646. The stock has a 50 day moving average of €79.92 and a 200 day moving average of €73.81.

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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