Berenberg Bank set a €130.00 ($151.16) target price on SAP (ETR:SAP) in a report issued on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the technology company’s stock.
Other research analysts have also issued reports about the company. Goldman Sachs Group began coverage on Enbridge in a research report on Thursday. They issued a neutral rating for the company. UBS Group reiterated a neutral rating on shares of CAIXABANK/ADR in a research report on Thursday. HSBC lowered Huazhu Group from a buy rating to a hold rating in a research report on Wednesday, July 17th. Nord/LB set a €115.00 ($133.72) price objective on SAP and gave the stock a neutral rating in a research report on Friday, June 28th. Finally, Baader Bank set a €9.00 ($10.47) price objective on Aroundtown and gave the stock a buy rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of €121.65 ($141.46).
Shares of SAP stock opened at €112.00 ($130.23) on Friday. The stock has a market capitalization of $133.69 billion and a price-to-earnings ratio of 41.04. SAP has a fifty-two week low of €83.95 ($97.62) and a fifty-two week high of €125.00 ($145.35). The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 50.41. The stock has a 50 day simple moving average of €117.54.
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.
Featured Article: Debt-To-Equity Ratio
Receive News & Ratings for SAP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SAP and related companies with MarketBeat.com's FREE daily email newsletter.