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Commerzbank AG announced SAP (ETR:SAP), bumping up its stock price target to 95.00EUR today

In a statement issued on Monday September 19 2016 Commerzbank AG upped the target price of SAP (ETR:SAP) from 0EUR to 95EUR reporting a possible upside of 0.22%.

On 9/18/2016, Commerzbank AG reported on SAP(ETR:SAP) upped the target price from 0.00EUR to 95.00EUR. At the time, this indicated a possible upside of 0.22%.

Showing a price of 77.79EUR, SAP (ETR:SAP) traded 2.04% lower on the day. With the last close down 7.32% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of 87.68EUR and two hundred day average of 80.94EUR. 1,034,879 shares of SAP were exchanged, down from ann average trading volume of 1,063,710

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SAP has a one-year low of 62.57EUR and a 52 week high of 91.00EUR with a PE ratio of 26 and has a total market value of 0.0 EUR.

A total of 12 firms have released a research note on the stock. Four firms rate the company a strong buy, three analysts rate the stock a buy, four firms rate the company a hold, one brokerage rate the company to underperform, and lastly 0 analystsrate the company as sell with a consensus target stock price 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, and Concur and SAP Fieldglass solutions.

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