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Baader Wertpapierhandelsbank announced SAP (ETR:SAP), bumping up its stock price target to 85.00EUR today

In a report issued 10/04/2016 Baader Wertpapierhandelsbank bumped up the target of SAP (ETR:SAP) to 85.00EUR reporting a potential upside of 0.05%.

Previously on 10/3/2016, Baader Wertpapierhandelsbank reported on SAP (ETR:SAP) increased the target price from 0.00EUR to 85.00EUR. At the time, this indicated a possible upside of 0.05%.

Yesterday SAP (ETR:SAP) traded -0.57% lower at 80.97EUR. SAP’s 50-day average is 89.01EUR and its two hundred day average is 82.12EUR. With the last close down 10.68% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 544,997 shares of the stock were exchanged, down from an average trading volume of 936,423

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SAP (ETR:SAP)

SAP has a 52 week low of 66.23EUR and a 52 week high of 92.76EUR with a P/E ratio of 27.21 The company’s market cap is currently 0 EUR.

In addition to Baader Wertpapierhandelsbank reporting its target price, a total of 12 firms have issued a report on the stock. The consensus target price is 86.73EUR with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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