Baader Bank set a €125.00 ($145.35) price objective on SAP (ETR:SAP) in a research note published on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the technology company’s stock.
A number of other research analysts have also issued reports on the company. Sanford C. Bernstein upgraded Zimmer Biomet from an underperform rating to a market perform rating and set a $121.71 price target for the company in a research report on Tuesday, June 11th. Goldman Sachs Group initiated coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They set a neutral rating and a $49.00 price target for the company. Barclays reiterated a buy rating on shares of Ultragenyx Pharmaceutical in a research report on Thursday, May 9th. Independent Research set a €26.00 ($30.23) price target on Aareal Bank and gave the stock a neutral rating in a research report on Friday, July 5th. Finally, Credit Suisse Group reduced their price target on from GBX 145 ($1.89) to GBX 105 ($1.37) and set a neutral rating for the company in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of €119.91 ($139.43).
ETR:SAP traded up €0.02 ($0.02) during midday trading on Monday, reaching €121.92 ($141.77). 1,614,771 shares of the company traded hands, compared to its average volume of 3,430,000. SAP has a twelve month low of €83.95 ($97.62) and a twelve month high of €125.00 ($145.35). The stock has a market capitalization of $145.08 billion and a price-to-earnings ratio of 44.68. 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 firm has a fifty day moving average of €116.47.
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: What does RSI mean?
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.