A statement released earlier today by UBS AG about SAP (ETR:SAP) bumps the target price to 90.00EUR
- Updated: October 9, 2016
Boasting a price of 80.34EUR, SAP (ETR:SAP) traded -1.50% lower on the day. With the last stock price close down 8.69% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. SAP has recorded a 50-day average of 89.31EUR and a two hundred day average of 82.41EUR. Volume of trade was up over the average, with 984,467 shares of SAP changing hands over the typical 916,465
UBS AG increased the target price of SAP (ETR:SAP) to 90.00EUR indicating a possible upside of 0.12%.
On Sunday October 09, 2016, UBS AG released a statement for SAP (ETR:SAP) bumped up the target price from 0.00EUR to 90.00EUR that suggested an upside of 0.12%.
With a total market value of 0 EUR, SAP has price-earnings ratio of 26.82 with a one year low of 68.20EUR and a one year high of 92.76EUR .
A total of 12 brokerages have issued a ratings update on the stock. Four analysts rating the company a strong buy, three brokerages rating the company a buy, four firms rating the stock a hold, 1 broker rating the company a underperform, and finally 0 firms rating the stock a sell with a one year target of 86.73EUR.
More About SAP (ETR:SAP)
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. The SAP Business Network segment includes SAP's cloud-based collaborative business network and services relating to the SAP Business Network, including cloud applications, professional services and education services. Its business network portfolio includes SAP Ariba, Concur and SAP Fieldglass solutions.
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