Sanford C. Bernstein set a €137.00 ($159.30) price target on SAP (ETR:SAP) in a research note published on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.

SAP has been the topic of several other reports. Societe Generale set a €131.00 ($152.33) target price on SAP and gave the stock a buy rating in a research note on Wednesday. Independent Research set a €123.00 ($143.02) target price on SAP and gave the stock a neutral rating in a research note on Friday, November 8th. HSBC set a €135.00 ($156.98) target price on SAP and gave the stock a buy rating in a research note on Monday, October 14th. Berenberg Bank set a €135.00 ($156.98) target price on SAP and gave the stock a buy rating in a research note on Wednesday. Finally, Jefferies Financial Group set a €142.00 ($165.12) target price on SAP and gave the stock a buy rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of €128.65 ($149.59).

ETR SAP traded down €0.56 ($0.65) during trading hours on Wednesday, reaching €121.56 ($141.35). 2,128,095 shares of the stock traded hands, compared to its average volume of 3,430,000. The stock has a 50 day simple moving average of €114.78 and a two-hundred day simple moving average of €113.14. SAP has a 1 year low of €83.95 ($97.62) and a 1 year high of €125.00 ($145.35). The company has a debt-to-equity ratio of 9.23, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market cap of $149.34 billion and a price-to-earnings ratio of 42.83.

About SAP

SAP SE operates as an enterprise application software, and analytics and business intelligence company worldwide. The company operates through three segments: Applications, Technology & Services; SAP Business Network; and Customer Experience. It offers SAP HANA, which enables businesses to process and analyze live data; SAP Data Hub, a solution for businesses to manage data from various sources; and SAP Cloud platform that offers an enterprise platform-as-a-service.

Further Reading: Percentage Decliners

Analyst Recommendations for SAP (ETR:SAP)

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