SAP SE (SAP) Given Average Rating of “Buy” by Analysts
Shares of SAP SE (ETR:SAP) have been assigned a consensus rating of “Buy” from the twenty-three analysts that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is €86.54 ($93.06).
A number of brokerages have recently commented on SAP. BNP Paribas set a €66.00 ($70.97) price objective on SAP SE and gave the company a “sell” rating in a research report on Friday, July 29th. HSBC set a €93.00 ($100.00) price objective on SAP SE and gave the company a “buy” rating in a research report on Tuesday, October 4th. Nord/LB set a €86.00 ($92.47) price objective on SAP SE and gave the company a “buy” rating in a research report on Tuesday, July 26th. Baader Bank set a €85.00 ($91.40) target price on shares of SAP SE and gave the company a “buy” rating in a research note on Friday, October 21st. Finally, Berenberg Bank set a €94.00 ($101.08) target price on shares of SAP SE and gave the company a “buy” rating in a research note on Monday, October 24th.
Shares of SAP SE (ETR:SAP) traded up 0.85% on Monday, reaching €78.93. The company had a trading volume of 1,206 shares. The company has a 50 day moving average price of €79.26 and a 200 day moving average price of €75.18. The stock has a market capitalization of €94.56 billion and a PE ratio of 27.83. SAP SE has a 52-week low of €63.00 and a 52-week high of €82.57.
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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